© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US

FED Reverse Repo Operation

GBPUSD TECHS

Bearish Focus

US TSY OPTIONS

Carry-Over 10Y Put Spd Buying

MNI EXCLUSIVE

MNI Speaks To ECB Sources On Anti-Fragmentation Tool

EURUSD TECHS

Channel Resistance Remains Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Australian Election: Tight Race, But Labor Still Ahead

AUSTRALIA
markets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign Exchange

Australians head to the polls tomorrow for the Federal Election. This week's opinion polls have shown the race tightening but Labor is still in the lead, ahead of the incumbent Liberal/National coalition.

  • Regardless of the outcome, the implications for markets will likely be fairly minimal.
  • There isn't a great deal of difference in expected fiscal positions between the two parties. Labor has stated its plans will see larger fiscal deficits, but the difference is likely to be negligible over the medium term.
  • Labor is also focused on boosting wages, highlighting cost of living pressures and the gap between headline CPI and wages outcomes.
  • Policy continuity is largely expected if the Liberal/National coalition secures victory.
  • Opinion polls this week have shown the race tightening, but Labor is still ahead on a two-party preferred basis 52% to 48% (which takes into account preferences).
  • Read more in our full election preview at this link.
151 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Australians head to the polls tomorrow for the Federal Election. This week's opinion polls have shown the race tightening but Labor is still in the lead, ahead of the incumbent Liberal/National coalition.

  • Regardless of the outcome, the implications for markets will likely be fairly minimal.
  • There isn't a great deal of difference in expected fiscal positions between the two parties. Labor has stated its plans will see larger fiscal deficits, but the difference is likely to be negligible over the medium term.
  • Labor is also focused on boosting wages, highlighting cost of living pressures and the gap between headline CPI and wages outcomes.
  • Policy continuity is largely expected if the Liberal/National coalition secures victory.
  • Opinion polls this week have shown the race tightening, but Labor is still ahead on a two-party preferred basis 52% to 48% (which takes into account preferences).
  • Read more in our full election preview at this link.