Australia Shares Set for an Uncertain Start

Dow Jones
Sep 28

2337 GMT - Australian stocks look set for an uncertain start to a week in which the country's central bank is widely expected to raise interest rates and warn of the potential for future hikes. Local equity futures are barely moved ahead of Monday's session, suggesting that the S&P/ASX 200 could be on track to pause its recent slide. The benchmark index is on a run of four weekly losses, which is its longest such streak in almost a year. Ahead of the open, Northern Star said it had rejected a takeover proposal from Gold Fields that valued its equity around US$27.2 billion. Retirement-community operator Ingenia said it had received a third proposal from Warburg Pincus.

 

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