Oliver's Insights - Australia's less than certain election outcome
30 August 2010 This note looks at the implications flowing from Australia's Federal election.
The key points are as follows:
- The unclear Australian election result has added to investor uncertainty in Australia and doesn't augur well for stable visionary policy making for the next term of government.
- Beyond a few financial market jitters and lost opportunities until the next election, the uncertain election outcome doesn't justify big falls in Australian investment markets, as it's unlikely to threaten Australia’s favourable longer-term prospects.
