Breaking news

Market may get short-term election bounce

The Australian share market may enjoy a short-term bounce on the back of the coalition’s surprise election win, before quickly focusing elsewhere. The initial focus this week will be the coalition’s re-election before attention turns to ongoing global trade tensions and any Reserve Bank (RBA) signals about the timing of interest rate cuts. AMP Capital…

Federal Election Wrap

Federal Election Wrap: Economic Perspective The ruling Liberal/National Party Coalition was returned to power in the Federal Election held on May 18. On the night of the election, Prime Minister Scott Morrison claimed victory. Opposition Labor leader, Bill Shorten, conceded defeat. Bill Shorten also indicated that he wouldn’t re-contest the Labor leadership. At the time…

The Marijuana Industry’s Dirty Little Secret

The cannabis industry is hiding a dirty little secret. According to Evan Mills, a California-based energy and climate change scientist, the marijuana industry has a major problem…and it’s likely to get worse before it gets better. “Legislators and energy agencies have largely turned a blind eye to the carbon footprint of indoor cultivation, which already…

Gold Miners’ First Quarter 2019 Fundamentals

The major gold miners’ stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1’19 results reveal how gold miners are faring as a sector, and their current…

Morrison returns to work after miracle win

Scott Morrison is promising to get straight back to work after pulling off a miracle win. The prime minister received a rapturous reception after defying the pundits in a come-from-behind victory. “I have always believed in miracles,” he told jubilant Liberal supporters in Sydney on Saturday night, with his wife and daughters by his side….

Turnbull tweets congratulations to ScoMo

Former prime minister Malcolm Turnbull has congratulated his successor Scott Morrison for his unexpected win in Saturday’s federal election. “Congratulations @ScottMorrisonMP on an outstanding personal victory,” Mr Turnbull tweeted on Sunday. “Australians have once again backed the Coalition to deliver a strong economy, more jobs & lower taxes.” Vote counting will continue but Labor conceded…

Trump praises Morrison’s ‘GREAT WIN’

US President Donald Trump has tweeted his congratulations to Prime Minister Scott Morrison on his “miracle” election win. The coalition is edging closer to the 76 seats it needs to have a majority in the Australian parliament, with 74 at the end of counting on Saturday night, after a result that defied months of opinion…

Investor Signposts: Week Beginning May 20 2019

Australia: Reserve Bank in focus following the Federal Election In the coming week, Reserve Bank events dominate following the Federal election. Governor Philip Lowe’s speech in Brisbane on Tuesday will hog the headlines immediately after the minutes of the May 7 Board meeting are issued. On the data front, the Bureau of Statistics (ABS) provides…

Punter puts $850,000 on Labor win

As millions of voters around the country were putting their mark on their ballot papers, one punter put $850,000 on Labor to win the 2019 election. Sportsbet.com.au says the trend over the past 48 hours has been to back Bill Shorten and Labor to win, with the odds coming into $1.10. Conversely, the coalition is…

PM’s visit boosts Liberal Braddon hopeful

Liberal Braddon hopeful and beef farmer Gavin Pearce says he’s left no stone unturned in his bid to take the marginal northwest Tasmania seat. In a sign of the seat’s importance to the coalition’s chances, Mr Pearce was on Saturday morning flanked by Scott Morrison and Premier Will Hodgman at a school polling both in…