It generally appears as though "bad news" is "good news" once again given expectations for the US Fed to become more supportive by lowering interest rates.
Sydney and Melbourne property markets are showing early signs of ending their steep slides, with a strong bounce in auction clearance rates on the first Saturday after the federal election.
Australian shares soared to an 11-year high on Monday, as investors welcomed the surprise re-election of the Coalition, adding an extra $32.8 billion to the ASX market index value.
US markets initially dropped sharply following the planned increase in US tariffs on $200 billion worth of Chinese goods by 25%, with China vowing to retaliate.
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