Australia: Surprise elections result - TDS

According to analysts at TD Securities, Australia's Federal election returned a surprise victory for the incumbent PM Scott Morrison and the Liberal-National coalition.

Key Quotes

“While final counting continues, his coalition is predicted to win 77 seats, one more than needed for a majority government. With policies supporting businesses and personal tax cuts, it's possible the risks of a near-term RBA rate cut may be reassessed, with Gov Lowe's speech on Tuesday key.”