Sumary of Aust shares lower, miners and banks down:
- Overnight, US consumer inflation figures were lower than expected and briefly gave investors hope that any tightening of monetary policy might be delayed.
- However, companies continue to mention the highly contagious Delta COVID-19 variant and its effects in delaying economic recovery.
- The Westpac-Melbourne Institute consumer sentiment index rose two per cent in September to stand comfortably above levels seen in the five years before the pandemic.
- The benchmark S&P/ASX200 index was lower by 31.3 points, or 0.42 per cent, to 7406.After 11 consecutive months of gains, the index is down by more than one per cent this month.