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1.Market Observations, 8.Was Sticky

11 Nov 2016 (AFR) – US election: Confidence rebound kills need for RBA ‘Trump put’

(11 November 2016, AFR, p8, by Jacob Greber, Economics correspondent)

‘The need for a Reserve Bank of Australia “Trump put” – or a market-calming interest rate cut – has evaporated thanks to a stunning global rebound in confidence, according to former central bank board member John Edwards. Despite the initial jitters, relieved investors are widely interpreting a Donald Trump presidency as a “good thing”, not least because the election has delivered a clear outcome, Dr Edwards suggests.  Markets rallied around Asia on Thursday, sending the benchmark S&P/ASX200 up 3.3 per cent.’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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