Gridlock-loving markets tussle with ‘super majorities’

If you were minded to think that politics doesn’t matter much to markets, think again. — Reuters

FOR financial markets usually biased toward legislative gridlock over untrammelled government, this election-packed month so far has seen a wild ride around voting landslides and ‘super majorities’.

What’s clear from Mexico and India – and possibly instructive for US and British elections ahead – is not all big majorities are treated equally, not all are necessarily negative for investors and they can deliver seismic price moves.