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CommSec Market Update

Market Close 19 September 23: A sparkle amid declines

19 Sep 2023

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The Aussie market declined on Tuesday, falling for the second straight session ahead of the US interest rate decision. Most sectors declines, but energy stocks lifted as oil hovers near 10 month highs. Banks and miners were a major weight, but the gold sub-sector was a bright spot amid broader declines. Newmont got the green light from Australian officials to proceed with buying out Australian based gold miner, Newcrest Mining. Tonight, the US Central Bank’s two-day policy meeting kicks off. 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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