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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.
PORTUGAL
With 99.13% of votes counted, PM Costa's centre-left Socialist Party (PS) claims victory in Portugal's general election, confirming predictions based on the results of exit polls.
- The Socialists are poised to take at least 117 seats in the 230-seat legislature after winning 41.68% of votes, up from 108 held before the ballot. The outcome of the election means that PS will now be able to enact legislation without the support of minor left-wing parties.
- Their main rivals from the centre-right Social Democratic Party (PSD) scored 27.80%, which will translate into at least 71 seats. It represents a certain reduction from 79 seats held before the election as just 4 seats remain unassigned.
- The snap poll was called after parliament rejected a budget proposal filed by PM Costa's minority government last autumn.
- PM Costa said that he would nonetheless encourage alliances with other parties while working on legislative proposals.
Fig. 1: Global Results Of Portugal's 2022 Legislative Election
Source: 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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