15 March 2017

The Dutch go to the polls today in an election seen as a test of anti-immigrant and nationalist feeling magnified by a deepening dispute with Turkey. The centre-right VVD party of Prime Minister Mark Rutte will vie with the PVV (Party for Freedom) of anti-Islam and anti-EU firebrand Geert Wilders to form the biggest party in parliament.

Wilders, who has vowed to "de-Islamicise" the Netherlands and a PVV win would send shockwaves across Europe. (Read more here)

One of the big talking points of the campaign has been Turkey, which has been incensed by Dutch and German government bans on its ministers from speaking to rallies of overseas Turks ahead of an April referendum that would give President Tayyip Erdogan's office sweeping powers. (Read more here)

The Dutch election is seen as a test for how popular far-right parties in Europe have become. The French presidential election begins next month, with the far-right Marine Le Pen ahead in one poll on Monday, and in September, Alternative for Germany, a right-wing, eurosceptic party, is likely to win seats for the first time in the German federal parliament.

What does this mean for investors? “Fasten your seatbelts, it's going to be a bumpy ride,” says Hussein Al Sayed, Dubai-based chief market strategist for the Gulf and Middle East region at FXTM. (Read more here)

Turkey Netherlands row deepens over sanctions

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