September 2026 Market Update | Rates Rise as Markets Diverge
The September 2026 Market Update reviews a mixed month for investment markets, as higher interest rates and bond yields weighed on several asset classes while some international markets continued to provide positive returns for Australian investors.
Australian shares fell 2.51% during September, while unhedged international shares returned 1.81% and emerging markets returned 2.51%. The Australian dollar also weakened against the US dollar during the month, benefiting unhedged international investments when converted back into Australian dollars.
September 2026 Market Update: Key Themes
September was shaped by several significant market developments:
Both the US Federal Reserve and Reserve Bank of Australia increased interest rates during the month. The RBA lifted the cash rate to 4.60%.
Australian shares fell 2.51%, marking their first monthly decline in around six months.
Unhedged international shares rose 1.81%, helped by a weaker Australian dollar, while hedged international shares fell 0.75%.
Australian bonds returned -0.91% and international bonds returned -1.95% as bond yields moved higher.
Gold fell 8.98%, while oil rose 9.89% amid uncertainty around energy supplies.
Read the September 2026 Market Update
The full Centrepoint Alliance report provides further detail on Australian and international equities, fixed income, the Australian dollar, gold and oil during September.
Read the September 2026 Market Update for the complete market review.
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Keeping Market Movements in Perspective
Markets can move in different directions as interest rates, inflation, currencies and global developments change over time.
If you have questions about current market conditions or would like to discuss your broader financial strategy, please contact the Middleton Financial Planning team.
Disclaimer
The information provided in this communication has been issued by Centrepoint Alliance Limited ABN 72 052 507 507 and Ventura Investment Management Ltd ABN 49 092 375 258 (AFSL 253045).
The information provided is general advice only and has not taken into account your individual financial situation, needs or objectives. This publication should be viewed as an additional resource, not as your sole source of information. You should consider the Product Disclosure Document for a particular product before deciding to acquire or continue to hold a product. Past performance is not necessarily indicative of future performance. It is imperative that you seek advice from a registered professional financial adviser before making any investment decisions.
Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Centrepoint Alliance Limited nor its related entities guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution.
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