14 Sep Australia shares set to open lower ahead of Fed rate decision
Australian shares are set to open
slightly lower as investors cautiously await the U.S. Federal
Reserve’s rate decision, while energy stocks are expected to
rise on strong prices after an attack on oil facilities in Saudi
Arabia.
The Fed is widely expected to cut rates by a quarter of a
percentage point this week. A greater focus will be on clues
about if and how much further the Fed will go.
An attack on Saudi Arabia’s oil facilities over the weekend
slightly lower as investors cautiously await the U.S. Federal
Reserve’s rate decision, while energy stocks are expected to
rise on strong prices after an attack on oil facilities in Saudi
Arabia.
The Fed is widely expected to cut rates by a quarter of a
percentage point this week. A greater focus will be on clues
about if and how much further the Fed will go.
An attack on Saudi Arabia’s oil facilities over the weekend
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