Republican Sweep Likely Best for Australian Equities -- Market Talk

Dow Jones11-05

2152 GMT - For investors in Australian stocks, the best U.S. election outcome is a Republican sweep of government, says Macquarie. It names James Hardie, Computershare, Treasury Wine Estates and BlueScope Steel among the likely beneficiaries, albeit a Republican sweep appears partly discounted by equities markets already. "The risks under a Republican Sweep are higher bond yields (also partly in the market already) and the negative impacts of tariffs (a headwind for ex-U.S. equities)," Macquarie says. Tariffs could be a headwind for Orora, Reliance Worldwide and Reece, it contends. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 04, 2024 16:53 ET (21:53 GMT)

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It names James Hardie, Computershare, Treasury Wine Estates and BlueScope Steel among the likely beneficiaries, albeit a Republican sweep appears partly discounted by equities markets already. \"The risks under a Republican Sweep are higher bond yields (also partly in the market already) and the negative impacts of tariffs (a headwind for ex-U.S. equities),\" Macquarie says. Tariffs could be a headwind for Orora, Reliance Worldwide and Reece, it contends. 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It names James Hardie, Computershare, Treasury Wine Estates and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSL.AU","symbol_name":"BLUESCOPE STEEL LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481568718","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481568718","pubTimestamp":1730757180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2152 GMT - For investors in Australian stocks, the best U.S. election outcome is a Republican sweep of government, says Macquarie. 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