More from Reuters, this time not quite so pessimistic on Australia’s new government.

After the election win on Saturday, Tony Abbott’s finance spokesman Andrew Robb said Australia’s economy and mining sector would receive a boost from the election result:

“As of today, the mining boom will be rebooted,” Robb told Australian television, adding Australia had become uncompetitive under the Labor government. “We will restore an appetite for risk and investment.”

  • Abbott’s government will not have a majority in the upper house Senate, where Labor and the Greens will control a Senate majority until at least next July
  • Final upper house results for this election are not yet known and may take a week or more to be finally confirmed