ASX gains as oil prices ease; Wall Street falls as Fed chief spooks investors
The Australian sharemarket rose on Thursday as oil prices eased, despite concerns over inflation following a Federal Reserve interest rate hike. Gains in the banking and mining sectors helped offset losses in the energy sector.
Why it matters
Market fluctuations reflect global investor anxiety regarding central bank policies and energy supply stability.
— 11:10am , first published September 17, 2026 — 4:58am
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Share A A A The Australian sharemarket opened higher on Thursday, shrugging off falls on Wall Street following the Federal Reserve’s first interest rate rise in three years, as oil prices dropped for a second day on signs of easing Middle East supply disruptions.
The S&P/ASX 200 was up 26.3 points, or 0.3 per cent, at 8722.80 as of 10.55am AEST, with eight of its 11 sectors in the green. The upbeat morning - despite futures indicating a sharp fall - came after the local bourse added 0.3 per cent on Wednesday. The Australian dollar traded flat at US70.90¢.
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