Biden pro green energy27 Oct 2020 07:02
Australian Stock Winners and Losers in U.S. Vote - BNN BloombergToday 06:53
Australian gold miners and health firms are among stocks that investors will be watching closely ahead of the U.S. election next week.
The contest between Republican President Donald Trump and Democrat nominee Joe Biden on Nov. 3. will impact investment style preferences, Australian commodities producers and coronavirus vaccine manufacturers. A potential shift in congressional leadership could also affect Australian shares....
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Biden‘s $2 trillion clean energy plan may increase demand for solar panels and electric vehicles, according to Bloomberg Intelligence analyst Michelle Leung. Copper, nickel and silver miners could benefit from higher production of such energy sources.
The flood of stimulus expected in the wake of a Democratic sweep would fuel gold prices, boosting miners. A contested election between Trump and Biden could also send prices for the metal soaring.
Key stocks: BHP Group Ltd. (-8.2% YTD), Newcrest Mining Ltd. (+0.9%), OZ Minerals Ltd. (+51%), Western Areas Ltd. (-21%), Northern Star Resources Ltd. (+38%), Evolution Mining Ltd. (+48%), Saracen Mineral Holdings Ltd. (+76%)...