Global Markets: EU elections see shift in power

By MarketsFarm

WINNIPEG, May 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Results of the European Parliament elections held over the weekend saw gains for both liberal and Green candidates on the one side, while populist and nationalist parties also gained ground in Italy, Franc, and the United Kingdom. While the more traditional centrist parties still hold the largest numbers of seats, they no longer have a majority and will need to form new coalitions to govern.

– Top Facebook officials, including founder Mark Zuckerberg, are facing being found in contempt of Canadian Parliament if they continue to ignore a subpoena to testify in Ottawa this week, according to reports. The privacy and ethics committee is meeting with government and industry officials from around the world to discuss online privacy, data collection and democracy.

– Markets in the United States are closed Monday for Memorial Day, which may lead to choppiness and thin activity in the other world markets that remain open.

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