Australia's lopsided stock market wobble

The political uncertainty in Europe, stirred up by anti-austerity forces, has destabilised global markets again. With the ASX 200 dominated by resources and bank stocks, the impact of offshore events will be magnified.

Since the start of the month global stock markets have got the wobbles again and it’s quite obvious why.

In the lead-up to the French and Greek elections a week and a half ago it was evident that the anti-austerity forces were likely to prevail, which is what transpired.

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