ASX 200 hits two-month low; lithium miners rally as Magellan and AGL drop

Energy and utilities lead ASX losses. Westpac lifts October rate call, AGL slides amid board overhaul, Magellan falls to eight-year low and Link drops after D&D bid rebuff.

Aussie investors are set for an uncertain week of trading with the Federal Reserve’s interest rates decision and a public holiday on Thursday. Picture: Gaye Gerard.

Welcome to the Trading Day blog for Monday, September 19. The Australian share market has closed at a fresh two-month low as investors await minutes from the Reserve Bank of Australia's September meeting and the US Fed's interest rate call.

The S&P/ASX 200 index fell 19.18 points, or 0.3 per cent to 6719.90 with most sectors in the red.

Wall Street closed lower on Friday with the S&P 500 index down 0.7 per cent to 3873 points while the Nasdaq index fell 0.9 per cent to 11,448 and the Dow Jones Industrial Average index was 0.4 per cent lower to 30,822 points.

US 10-year bond yields were unchanged at 3.45 per cent, while two-year yields were flat at 3.87 per cent.

Oil prices are higher with global benchmark Brent crude rising 0.6 per cent to $US91.35 per barrel and the US Nymex is flat at $US85.11 per barrel.

Iron ore futures fell by 1.5 per cent to $US99.06 per tonne.

The Aussie dollar was near US66.90c at the close.