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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
PORTUGAL
The final results from Portugal's legislative elections have finally come through, confirming that Prime Minister Antonio Costa's centre-left Socialist Party (PS) has won an outright majority in the Assembly of the Republic.
- The PS now holds 119 seats in the 230-member chamber, ahead of the 116 required for an outright majority. The PS gained 11 seats in the snap election, called after the PS' two former leftist allies refused to vote for the gov'ts budget in late-2021.
- Aside from the PS, the other parties to gain seats were both on the right. The right-wing nationalist Chega (Enough!) gained 11 seats to hold 12 in total and now sit as the third-largest party in parliament. The centre-right libertarian Liberal Initiative gained seven seats for a total of eight.
- The securing of a majority for Costa's PS could lead to a shift towards the political centre-ground in terms of policy making, given that his gov't no longer relies on the support of the far-left Unitary Democratic Coalition or Left Bloc in order to pass legislation.
Chart 1. Portugal Legislative Election 2022, Final Result, Seats
Source: Election Commission, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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