Australian Share Market Seeks Steady Ground Amid Global Uncertainty

The Australian share market has shown tentative stability after reaching an eleven-week low, but the mood remains cautious due to global interest rates and rising oil prices.

Commonwealth Bank of Australia (ASX:CBA) and Fortescue Ltd (ASX:FMG) were among the major stocks under pressure as financial and resources sectors faced broader market weakness.

The focus is now on the US Federal Reserve decision, rate projections, oil prices, and the debate around artificial intelligence spending.