Australian assets could rally post-election — Bloomberg

Australia's shares and currency could rally on expectations of policy continuity after Prime Minister Anthony Albanese secured a second term, Bloomberg reports.

According to Shane Oliver of AMP Ltd, Australia's stocks are poised for a lift as concerns fade over the Greens' influence on Labor Party policymaking. Consumer and real estate shares may benefit from the policies toward the household sector and first home buyer concessions.

Meanwhile, Kyle Rodda of Capital.com anticipates a short-term rally in Australian assets due to more certain policy environment. He notes that meaningful changes will likely be limited to the energy sector, where renewables continue gaining ground over hydrocarbons.

Maybank's Fiona Lim expects modest gains for the Australian dollar against its US counterpart, supported by anticipated increases in government spending. However, the analyst cautions that volatility risks remain due to ongoing uncertainty in US-China trade negotiations.