Country: AU | Published: 2026-09-22
Australian shares look set for a modestly higher open, tracking a record-setting Nasdaq session driven by an AI stock rally, though the mood stays cautious with the Big Four banks
Australian shares look set for a modestly higher open, tracking a record-setting Nasdaq session driven by an AI stock rally, though the mood stays cautious with the Big Four banks unanimously expecting a rate hike at the next central bank meeting. Consumer confidence has pulled back, and investor worries are building around the private credit sector as the corporate regulator tightens lending standards. Government debt concerns at federal and state levels round out a backdrop where optimism abroad sits alongside domestic caution.