4 result(s) for “Markets”
Treasurer Jim Chalmers told business audiences on October 4 that global shocks, rising bond yields and higher fuel costs are imposing ‘‘very substantial and intensifying’’ pressure on Australia’s budget, and he signalled a savings package to be announced in the government’s mid year economic and fiscal update.
Australian shares and business sentiment showed caution on September 28, 2026, as traders awaited a likely Reserve Bank rate hike and this week’s inflation data. Household and corporate budgets face more pressure if policy tightens again, with economists warning the RBA’s move could slow growth across interest sensitive sectors.
Renewed fighting in Yemen has displaced at least 112,000 people inside the country, while nearly 3,000 have fled by sea towards Djibouti as violence along the Red Sea coast deepens an already severe humanitarian crisis.
Rising oil and gas prices are colliding with higher borrowing costs across major economies, creating a difficult combination for households, businesses and central banks as concerns about persistent inflation and weaker growth return.