💨 Abstract

The center-left Labor Party won Australia's general election, strengthening the government's response to global economic threats from the U.S. trade war. The victory was expected by investors, and the market reaction was mixed, with a 0.4% dip in the share market due to an earnings miss from Westpac bank. The Australian dollar hit a five-month high, while bond futures fell.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖