Market Close 13 Sep 24: ASX spooked after almost cracking record high

CommSec Market Update

The Aussie market came close to a record high before losing momentum, ending the day up just 0.3%. U.S. inflation data suggests a likely 25 basis point rate cut by the Fed next week, which could spark global market reactions. The Australian market saw mixed sector performances, with materials leading gains due to higher commodity prices, while financials lagged. Gold miners surged after a record high in gold prices, and several companies traded ex-dividend. Looking ahead, key global economic data and central bank decisions, particularly from the U.S., Japan, and the UK, could influence markets. The upcoming Aussie jobs report will also be crucial before the RBA's decision on September 24th.

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