Reported about 15 hours ago
Australian financial markets embraced the Labor Party's historic election victory, which strengthens the government's capacity to address potential economic threats from Donald Trump's global trade policies. Prime Minister Anthony Albanese's win expands Labor's majority, allowing more flexibility in fiscal policy amidst a turbulent global economy. Analysts believe this outcome enhances Australia's negotiating power with the U.S. and increases the likelihood of fiscal spending to mitigate risks from the trade war, despite ongoing concerns over U.S.-China tensions.
Source: YAHOO