The Australia market has surged higher this morning, quickly recovering Thursday’s 1.26% loss, on the back of a stronger Wall Street.
All ten sectors were higher, led by the banks and the big miners.
Westpac was up 1.17% to $32.86 and the NAB 1.15% to $33.51.
BHP added 1.43% to $28.37 and Rio Tinto 1.4% to $55.72. Among energy stocks, Woodside Petroleum was up 1.56% to $35.90.
On Wall St, the S&P 500 closed 1% higher with investors encouraged that the Fed will take its time in raising rates.