Country: AU | Published: 2026-09-16
Australian shares are set to bounce back from a three-month low, though surging oil prices dragged Wall Street overnight and could temper the recovery. M&A activity is picking up,
Australian shares are set to bounce back from a three-month low, though surging oil prices dragged Wall Street overnight and could temper the recovery. M&A activity is picking up, with private equity and foreign buyers driving deals, including a global investment firm's agreement to acquire plumbing maker Reliance Worldwide. Meanwhile, Sydney's housing slump is carving a pandemic-sized hole in state tax revenue, and BHP port unions at Port Hedland will seek arbitration over a wage dispute, adding operational risk at a key iron ore export hub.