'Right-wing shift' in Europe as Kurz elected Austrian Chancellor

Leader of People's Party

The rise of populist parties has returned to the agenda in Europe, with Austria electing 31-year-old Sebastian Kurz as the country's new Chancellor.

Kurz is leader of the People's Party and achieved 31% of the vote, according to preliminary results.  It is possible he could now form a coalition government with the right-wing Freedom Party, led by Heinz-Christian Strache, which achieved 27% of the vote.  In his victory speech, Kurz said: "Today is not the day of triumph over others, but today is our chance for real change in this country." Investors pile back into German ETFs as political fears recede There was minimal impact on the markets following the results with the Vienna Stock Exchange Austrian Traded Index down just 0...