Australian shares stay under pressure as the budget picture comes into focus, with a larger-than-expected deficit for the 2025/26 year and the Treasurer defending an inflation reco
Australian shares stay under pressure as the budget picture comes into focus, with a larger-than-expected deficit for the 2025/26 year and the Treasurer defending an inflation record ahead of what's shaping up as a 15-year high in interest rates. Rate expectations remain the dominant force on the tape, and a major private lender suspending three listed funds after valuation cuts adds a fresh layer of caution around credit-sensitive names. In AI-related moves, a Hold initiation on data center operator IREN on customer concerns kept its yearlong slide going, while headlines elsewhere leaned toward security and governance themes rather than earnings.
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