You can sense the brakes being applied to deal activity.
With the Australian share market down in eight of the 11 trading sessions since Anzac Day, it sounds like boards are getting nervous and rethinking M&A and capital market plans.
As a result, there are plenty of nervous bankers and lawyers trying to keep deals alive while hoping the market turns around in the near term. There are crystal balls out across the street, trying to work out what’s next.
It feels to Street Talk that a few senior dealmakers think it’s a good time for a holiday, and will duck off to Europe in the coming months.
