Country: AU | Published: 2026-09-16
Australian shares edged higher, with miners and energy stocks leading the way as markets kept a close watch on the US Federal Reserve's next move. Deal-making continues to be a bri
Australian shares edged higher, with miners and energy stocks leading the way as markets kept a close watch on the US Federal Reserve's next move. Deal-making continues to be a bright spot, with private equity and foreign buyers fueling 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.