Stocks seen buoyant, dollar likely to extend losses

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Stocks are expected to stay buoyant on Monday while the dollar is seen likely to extend its downward trend as Democrat Joe Biden won the U.S. presidential election in a move that analysts say would prop up risk assets.

FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan, March 17, 2020. REUTERS/Issei Kato

“This combination, of course, likely means a Biden presidency’s ambitions will be curtailed in a grid-locked political scene with very few landmark legislative changes being enacted by Congress,” said Tapas Strickland, a director of economics and markets at National Australia Bank. Analysts warn the road might get tougher from here as investors focus on Biden’s ability to expand fiscal stimulus and measures to reduce the spread of COVID-19.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This post makes me hungry.

Don’t worry. Republicans will be at work tomorrow.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Australia Latest News, Australia Australia Headlines