Markets: Taking stock of the election

The stock market has had plenty of time to factor in the effects of the election. Despite domestic business uncertainty, global evetns are driving the markets.

If stock markets discount future events then the September 7 Federal election has well and truly been taken into account. More than six months have passed since Julia Gillard announced the September 14 date and a week earlier will make little difference to investors. The S&P/ASX200 Index reached a high this year on May 14 of 5220.987 and a low of 4655.96 on June 25. On Friday it closed at 5116.76, up 9.9 per cent since June 25. On June 26 Rudd reclaimed the Lodge. The index has risen 4.5 per cent since January 30 and 10 per cent since the beginning of the year, according to Bloomberg data.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles