Weekend Edition: 15th September 2023

In the latest edition of MPC Markets’ weekend edition, the CEO shared valuable insights on Ausbiz, discussing the local market’s dynamics, sectoral performances, and global influences on the ASX. Australian employment figures for August surpassed expectations, with a significant increase in jobs. This growth might influence the Reserve Bank’s future decisions on interest rates. The energy sector is undergoing a significant transition, with uranium emerging as a crucial player amidst the shift towards sustainable energy sources.

Despite its historical significance, gold’s performance remains stagnant, raising questions about its role as an inflation hedge in modern times. The rising oil prices, driven by OPEC+ production cuts, have raised concerns globally, especially in the US. These hikes could have political implications, potentially affecting the 2024 US presidential election. The edition concludes with a focus on Polynovo Bio (PNV), highlighting its innovative medical devices and patented technology.