Morrison’s shock election victory delivers $33b sharemarket bonanza

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Prime Minister Scott Morrison’s shock election victory has delivered a $33 billion bonanza after relieved investors pushed the nation’s stockmarket to its highest level in more than a decade. Shares in the big four banks soared by between 6 and 9 per cent on Monday, propelled by the government’s pledge to maintain the status quo in housing taxation policy and to continue allowing refunds of excess franking credits.

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Morrison’s shock election victory delivers $33b sharemarket bonanza. May 20, 2019. Treasuries Show Modest Move To The Upside. July 15, 2019 ‘Suffocating’ UK factories report biggest fall in output in seven years: PMI. August 1, 2019. Technology. Cathay.

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Morrisons has revealed a rise in sales and profits for the first half of this year in its interim results, released yesterday (September 14), as it sees results from its ‘Fix, rebuild and grow.

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YouGov boss blames ‘shy Tory effect’ for election prediction fail: july 19th, 2019: smh: Morrison on cusp of victory over $5 billion drought fund: July 19th, 2019: Reuters: New Zealand’s Ardern flies commercial after snag hits air force plane: july 19th, 2019:.

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