Poland is going through something that may transform Europe– and surprisingly, it’s the 2023 election that may have changed it all. In America, the sentiment involved in elections often involves an innate feeling of helplessness.
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Luiz Inacio Lula da Silva, a left-wing former president of Brazil, has returned to the presidency after defeating far-right incumbent president Jair Bolsonaro in the country’s recent presidential election.
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Giorgia Meloni is set to be the first female Prime Minister in Italy’s history.
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The United Kingdom has named Liz Truss as its new Prime Minister following the recent resignation of Boris Johnson. She is now the third woman to hold this title.
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On November 28th Hondurans took to the polls and cast ballots on many national and regional offices in addition to the Presidency. The elections saw the end to the 12 years of power for the the right wing National Party and the victory of the first women to be elected President.
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Nearly two weeks since national elections in the Czech Republic, Czechs still have minimal clarity regarding who will lead the country when the Country’s Parliament meets again in November.
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Former German minister of Finance Olaf Scholz is likely to be the next German Chancellor after this year’s election in Germany, marking an end to Angela Merkel’s 16 year run as Chancellor. Scholz and his party, the center-left Social Democrats (S.P.D.), emerged victorious in the Sep. 26 election, winning 25.7% of the total vote, compared to 24.1% for Merkel’s party, the conservative Christian Democratic Union (C.D.U.), which suffered the worst defeat for the party since its founding in the years after World War II. Merkel, however, opted not to run for reelection, marking the first time a sitting chancellor has done so in the postwar era.
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On Monday night Justin Trudeau held his position as Prime Minister after Canadian broadcasters predicted that his minority government would hold. Depending heavily on Quebec, Ontario, and the British Columbia, Prime Minister Trudeau saw his party repeat almost the exact same results from the 2019 federal election.
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Following President-Elect Joe Biden’s victory on November 7th, international leaders had varying reactions from relief, to telling silence.
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Who would’ve guessed elections are great for the market? The S&P 500 has had its best week since April. At the time of writing, Biden has been declared President-elect, and it looks likely that Republicans will hold the Senate. However, the major equity indexes rose sharply on Wednesday and Thursday despite the outcome still being a toss-up. Doesn’t uncertainty translate to volatility in the markets?
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