15/10/2026
This week in markets 🏢
— NAB business confidence fell four points to -13 in September, a third straight monthly decline
— The reading is among the weakest in the survey's history
— Business conditions held steady at -1, but the employment index hit a five-year low
— NAB pointed to higher interest rates and surging fuel prices as the main culprits
— The RBA minutes showed a unanimous hike to 4.60% and a willingness to raise rates again if needed
— Markets price roughly a one-in-three chance of another hike in November
— Bond yields remain near multi-year highs, yet share markets have held firm
Full analysis in our latest blog.
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