By Oliver Gray
Investing.com - The S&P/ASX 200 gained 57.9 points or 0.9% to 6,658.9 after the first hour of Thursday’s trade, partially retracing losses of 1.3% in the previous session and rebounding from 15-month lows after U.S. Federal Reserve officials delivered the largest rate hike in 28 years, signaling a strong commitment to lowering inflation rates.
S&P/ASX 200 Futures were pointing 0.5% higher.
Among stocks, Financials were among the most improved, up 0.8% collectively. Macquarie Group Ltd (ASX:MQG) added 1.3%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lifted 1%, National Australia Bank Ltd (ASX:NAB) added 1.1%, Westpac Banking Corp (ASX:WBC) eased 0.1% and Commonwealth Bank Of Australia (ASX:CBA) gained 1.4%.
Materials gained 1.3% overall, with Rio Tinto Ltd (ASX:RIO) up 2.1%, BHP Billiton Ltd (ASX:BHP) adding 1.5%, Fortescue Metals Group Ltd (ASX:FMG) up 0.6%, Lake Resources NL (ASX:LKE) gaining 6.9% and Magnis Resources Ltd (ASX:MNS) up 8.3%.
Real estate companies were up 2.9%, with Mirvac Group (ASX:MGR) lifting 3%, Charter Hall Group (ASX:CHC) adding 3.7%, Goodman Group (ASX:GMG) up 3.3%, and Scentre Group Ltd (ASX:SCG) lifting 2.8%.
On the bond markets, Australia 10-Year yields eased to 4.071% while United States 10-Year rates were at 3.326%.
In New Zealand, the NZX 50 was 1.1% higher at 10,755.2.