Market relief as Dutch far-right defeat

Geert Wilders' far-right party has failed to defeat the centre-right Prime Minister, Mark Rutte, in the Dutch general elections yesterday, allowing EU markets to breathe a sigh of relief as worries over growing populist movements subside for the time being. Wilder's party have come in second place, losing by a wide margin, yet Rutte's VVD party has slipped by 8 seats in parliament. This morning the Eurostoxx 50 index, a representation of EU-wide blue chip companies, has gained around 1%. The Euro index, which measures the currency against a basket of its peers is down modestly by 0.1% at the time of writing and may remain volatile throughout the day.