Australia has chosen another Prime Minister! Turnbull is promising a 'thoroughly liberal government' promoting freedom of 'individuals and markets' and promising to consult and explain the case policy change. It is clear that the Prime Minister-elect is targeting business confidence and individual freedom, in a step to reinvigorate the prominence of the 'small L liberals' within the party.
We outline the implications for markets below:
However we note there are a number of uncertainties that will need to be resolved in coming days including:
It is also unclear whether there will be attempts from within the Liberal Party to destabilise the new leadership over time.
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This document has been prepared by DNR Capital Pty Ltd, AFS Representative - 294844 of DNR AFSL Pty Ltd ABN 39 118 946 400, AFSL 301658. It is general information only and is not intended to be a recommendation to invest in any product or financial service mentioned above. Whilst DNR Capital has used its best endeavours to ensure the information within this document is accurate it cannot be relied upon in any way and recipients must make their own enquiries concerning the accuracy of the information within. The general information in this document has been prepared without reference to any recipients objectives, financial situation or needs. Before making any financial investment decisions we recommend recipients obtain legal and taxation advice appropriate to their particular needs. Investment in a DNR Capital individually managed account can only be made on completion of all the required documentation.