Market Close 03 May 23: Worst day in 6 weeks for the Aussie market

Laura and Steve are back to give us today's closing market update. The Aussie market declined to have its worst day in 6 weeks. Energy stocks were hit hard after oil declined 5% overnight. Gold stocks stood out as 8 of 10 best performers, as investors retreated to the safe haven asset. Tonight the US Federal Reserve is due to make a decision on interest rates. Consumers are still spending on hospitality but remaining cautious with retail.    The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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