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Election 2019 - Business Comment

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Ann

Ann

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The Stock Market Winners and Losers From Australia's Election

Prime Minister Scott Morrison has secured a third term in office for his Liberal-National coalition with a surprise election victory, after Australian voters rejected the Labor opposition’s progressive policy agenda.

The shock result has wide-ranging implications for a slew of listed companies, from banks to builders and resources firms, with Labor’s plans to scale back tax incentives for investors and take tougher action on climate change now dead.


“Markets hate uncertainty and now you’ve just ripped all that uncertainty out of the market,” said James Whelan, investment manager of VFS Group’s global macro fund. “Buy everything.”


Here are the stocks to watch: More...
 
An issue is that practically every business which considers who's in government to be relevant to their operations will have been preparing for a Labor government since they've been universally expected to win for quite some time now but obviously haven't won in practice.

I'd expect there's going to be a few urgent meetings tomorrow on the subject of what the business needs to do given the election outcome. :2twocents
 
Smurf1976 said:
An issue is that practically every business which considers who's in government to be relevant to their operations will have been preparing for a Labor government since they've been universally expected to win for quite some time now but obviously haven't won in practice.

I'd expect there's going to be a few urgent meetings tomorrow on the subject of what the business needs to do given the election outcome. :2twocents
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It will be interesting to watch the reaction. I am thinking housing may begin to make a recovery as well. Just a thought. :)
 
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