US EditionAustralia markets welcome political stability under Labor as Trump 2.0 risks mount
- Prime Minister Anthony Albanese led the Labor Party to a decisive win in Saturday’s general election, increasing their majority in both chambers of the Australian parliament.
- This result followed strong voter backlash against Donald Trump's trade policies, which contributed to the heavy defeat of the Liberal-National coalition.
- Australian financial markets responded positively to Labor's victory, with the Australian dollar climbing to its highest level in five months, reaching $0.6481, supported by a weaker U.S. Dollar and declining investor confidence in American assets.
- Analysts suggest the election victory enhances Albanese's bargaining power in trade discussions with the U.S. And provides greater flexibility for increased government spending to address global economic challenges, which Treasurer Jim Chalmers characterized as increasingly turbulent.
- The expanded Labor majority provides more leeway to manage economic challenges, with steady fiscal policy expected, although rising budget deficits and U.S.-China tensions remain concerns.
11 Articles
11 Articles
Colorado Springs Gazette
Australia markets welcome political stability under Labor as Trump 2.0 risks mount
SYDNEY (Reuters) -Australian financial markets on Monday largely welcomed a historic win by the centre-left Labor Party as it strengthens the government's hand in dealing with any serious threat to the economy from Donald Trump's global trade war.
Labor landslide keeps green hydrogen dream alive
Australia’s fledgling green hydrogen sector and its backers have welcomed the Albanese government’s comprehensive election win, which keeps ambitions of a globally competitive export industry afloat. A change in government would have unwound more than a decade and $10 billion in planned industry incentives to bridge the gap to sustainable markets. But Labor’s win means $6.7 billion in production credits for renewable hydrogen makers, $4 billion …
SMSF Association congratulates Labor on their election win and welcomes opportunity for ongoing collaboration - SMSF Association
The SMSF Association congratulates the Labor Government on its re-election and looks forward to working with the Government on measures which strengthen the sustainability and viability of the SMSF sector […] The post SMSF Association congratulates Labor on their election win and welcomes opportunity for ongoing collaboration appeared first on SMSF Association.
Australia’s Labor landslide calms markets
May 05, 2025 (MLN): Australian financial markets on Monday largely welcomed a historic win by the centre-left Labor Party as it strengthens the government's hand in dealing with any serious threat to the economy from Donald Trump's global trade war. Prime Minister Anthony Albanese secured a resounding victory in the nation's general election on Saturday, riding a voter backlash against the policies of Trump that consigned the conservative Libera…
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