When Politics touches Business: The European Union

As the results of the European Union elections begin to materialise and come together, like any national or international level activity has it's effects on the markets. The Indian General Elections saw huge changes in the major markets, which the NSE and BSE surging on even the exit polls, which even if were close to correct this time, remained untrusted by politicians, political gurus and enthusiasts, based on past polls. The exit polls were enough to shake up the markets thoroughly, allowing them to gain points in the thousands. Now, as the top level politicians rap up their elections for the term, the European markets are responding to it, with the German DAX gaining. The iBusiness Times would predict an upwards of 40 to 65 points at the moment. The Euro has weakened slightly, but not anything to prominent, market changing or significant. However, standing out the most are the Italian markets, such as the FTSE Italia Mid Cap. Opening around 200 points higher on 26th May, and increasing constantly by another 171.05 points for the next couple of days, the index is likely seeing the end to a near month long drop.