Original article by David Rogers
The Australian – Page: 15 & 22 : 18-Dec-18

Jason Steed of JP Morgan says a certain amount of sovereign risk has been priced into Australian sharemarket valuations ahead of the 2019 federal election. He notes that while there is some concern among investors about the prospecting of a Labor government, the Coalition has not very pro-business either. He adds that although the financial services sector in particular faces some headwinds in 2019, investors have already largely priced in the political and regulatory risks.

CORPORATES
JP MORGAN AUSTRALIA LIMITED, AUSTRALIAN LABOR PARTY, STANDARD AND POOR’S ASX 200 INDEX, CALTEX AUSTRALIA LIMITED – ASX CTX, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, METCASH LIMITED – ASX MTS, RIO TINTO LIMITED – ASX RIO, WOOLWORTHS GROUP LIMITED – ASX WOW, ALUMINA LIMITED – ASX AWC, TELSTRA CORPORATION LIMITED – ASX TLS, SYDNEY AIRPORT – ASX SYD, TRANSURBAN GROUP LIMITED – ASX TCL