Trump Trade Comes to Europe, Giving Jolt to Cheap Hungary Market

There is arguably no leader in all of Europe who’s more chummy, or ideologically aligned, with Donald Trump than Hungary’s Viktor Orban.

Which goes a long way to explaining why at a time when the mood is markedly glum across European financial markets, there is a sense of optimism in Budapest. Here, investors aren’t fretting so much about the prospect of new Trump tariffs or NATO-funding feuds — like they are in, say, Frankfurt or Warsaw — as they consider all the effects the Trump trade may have on the sputtering Hungarian economy and its stock market.