Country: AU | Published: 2026-09-16
Australian shares edged higher, lifted by miners and energy stocks as investors kept an eye on the US Federal Reserve's next move. Deal-making remains a bright spot, with private e
Australian shares edged higher, lifted by miners and energy stocks as investors kept an eye on the US Federal Reserve's next move. Deal-making remains a bright spot, with private equity and foreign buyers driving a wave of takeovers, including the agreed buyout of plumbing products maker Reliance Worldwide. Beneath the surface, Sydney's housing slump is carving a pandemic-sized hole in state tax revenue, and rising attention on private credit risks adds a layer of caution for locally exposed lenders.