Australia: Double dissolution election coming up this weekend - TDS

Research Team at TDS, suggests that Australia’s ‘double dissolution’ election is this weekend, Sat July 2 is something that the markets will keep its eye on. 

Key Quotes

“The Turnbull Govt has pulled ahead in the polls, campaigning on "stability" post Brexit.  Another 3yr term of a conservative Coalition government victory is more market-friendly than opposition Labour, given the latter is campaigning on borrowing and spending billions on "health and education" (which are supposed to be state issues but have blurred in recent years).

NZ: Building permits and business confidence for this week, likely to be glossed over.  With NZD TWI accelerating in recent weeks we see a clear mandate for an RBNZ August cut to 2% (the next opportunity, no July OCR Review with the new regime).”