Risks Rising on Australian Bank Valuation Multiples -- Market Talk
Dow Jones
Mar 11
2357 GMT - A de-rating of Australian bank stocks is seen by Morgan Stanley analysts as having become more likely due to the economic impacts of U.S. and Israeli military action against Iran. The MS analysts had already flagged interest-rate rises and an economic slowdown as potential de-rating catalysts. They now see a higher possibility of these triggers being pulled given the Australian economy's sensitivity to supply shocks and energy security risks. With fuel prices rising, they see the Reserve Bank of Australia having to juggle both inflationary pressures and growth risks as it sets interest rates. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 10, 2026 19:57 ET (23:57 GMT)
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