PM 15 Sep 26: ASX slumps to 3-month low
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Why did the Australian market slump to a three‑month low on September 15?
a listener production.
It's been another rough session with the Aussie market slumping to a three-month low. And we're now halfway through September. Find out how we're doing so far this month. Good afternoon. I'm Laura Bessarati. It's Tuesday, the 15th of September. Welcome to the ComSec Market Update. Well, everyone, it's been another rough day for the Aussie market. So at the moment, heading into the close, we're down by around 0.9%, which makes it our worst level of the entire day or thereabouts. Of course, this does follow a very small improvement yesterday when our market lifted by roughly a tenth of 1%. But if I look back, it hasn't been a good run for the Aussie market. We've been below the 9,000 point mark for around a week now.
We've seen declines of around 1%. four times in the past six sessions.
What upcoming central‑bank decisions could change market direction this week?
So it's certainly been quite a rough period. And we are now about halfway through September. And over the course of the month, we haven't had a very good run at all at the moment, looking like we're going to fall by four and a half percent. We still have plenty of time between now and the end of the month and plenty of catalysts that could potentially move markets. But we are on track to snap five straight months of in improvements. We've actually fallen eight of the past 11 sessions that we've had so far this month. So it has really been shaping up that September is living up to expectations because historically it has been a tougher month for global share markets. Now, I mentioned there's plenty more catalysts to come.
Of course, investors are sort of just waiting for interest rate decisions later on this week. Most importantly, we have that US interest rate decision on Wednesday night, our time, and there's roughly a 90% chance that the US Federal Reserve will in fact hike interest rates for the first time in over three years. And I had a look there's another rate hike expected before the end of the year as well. At the tail end of the week, we have the Bank of Japan on Friday. They are also expected to hike interest rates.
How are global bond yields influencing Australian equities today?
Next week, we have Aussie jobs data, which is going to be super important ahead of our own interest rate decision from the RBA. In the final days of the month, the 29th of September, 2pm is when they hand down that decision. And there's a near 80% chance that they could hike interest rates, which would make it the fourth interest rate hike of this year in 2026. So there's still plenty of key events to get through in the coming weeks and to round out September, which could potentially drive how we actually perform over the course of this month. But certainly, global bond yields have remained in focus. Today, we have seen Australia's 10-year yield around 5.4%. That's its highest level in roughly 15 years.
while the US equivalent has pushed through 5% for the first time since 2007. So basically, investors are quite worried that higher oil prices could keep inflation high, forcing central banks to hike interest rates. And once again, we did see the European Central Bank hiking interest rates. last week with, as I mentioned, more interest rate hikes expected in the coming days as well. But AI has been another big talking point in the past few days. We have heard from a number of top US executives leading AI companies who have raised safety concerns and called for a slowdown in the development of AI. One of them being the CEO of Anthropic, who said that AI companies need to slow the pace of innovation for their best models due to safety risks.
Why is AI in the news and how might it affect stock market sentiment?
Now, today, Trump has weighed in on the topic and he's been pushing back against calls to slow the development of advanced AI, arguing that the US shouldn't hold back an industry that's become a major driver of investment and the share market. Now, he dismissed the fears about AI, calling them a hoax, in quotes, and said the robots will not be taking over. AI will not be taking over the rest of the world. So there you go. You've heard it from President Trump himself. So we'll wait to hear if there are any more developments on that front, but that's certainly something that has been driving share markets.
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Chapters
7 chapters
1
Why did the Australian market slump to a three‑month low on September 15?
0:02–1:06
2
What upcoming central‑bank decisions could change market direction this week?
1:06–2:25
3
How are global bond yields influencing Australian equities today?
2:25–3:55
4
Why is AI in the news and how might it affect stock market sentiment?
3:55–5:30
5
What does China’s weak domestic demand data mean for Aussie miners and materials stocks?
5:30–6:36
6
Which sectors outperformed today and why did materials and financials drag the market down?
6:36–7:54
7
What are the key dividend and earnings updates to watch for before the next market close?
7:54–9:50
Speakers
2 identifiedMore from CommSec Market Update
PM 16 Sep 26: Markets brace for US rate decision
AM 16 Sep 26: US stocks slide as oil surges, bond yields jump
AM 15 Sep 26: AI stocks send US share markets lower
PM 14 Sep 26: Cautious start to a busy week
AM 14 Sep 26: ASX set to rise ahead of big week for central banks
PM 11 Sep 26: Second worst week of the year for ASX