Bhp Group Limited shares fall 1.58% premarket as consumer, energy sectors drag Australian shares lower.

Bhp Group Limited fell 1.58% in premarket trading. The decline in the stock price can be attributed to the overall negative sentiment in the Australian market, with consumer and energy sectors dragging Australian shares lower. Investors are awaiting growth data, which may influence future market movements. Additionally, the Melbourne Institute's Monthly Inflation Gauge recorded a decline in August, which could also contribute to the bearish sentiment.