By Oliver Gray
Investing.com - The S&P/ASX 200 added just 6.2 points or 0.08% to 7412.4 during Monday’s session, closing a fresh 2-month highs with Material and Financial sectors are adding the most points, while Information Technology was hit amid higher bond yields.
Among stocks, Rio Tinto Ltd (ASX:RIO) added 1.37%, BHP Billiton Ltd (ASX:BHP) gained 2.31%, Fortescue Metals Group Ltd (ASX:FMG) added 0.78%, Champion Iron Ltd (ASX:CIA) gained 2.21%, Avz Minerals Ltd (ASX:AVZ) lifted 3.95%, Lynas Rare Earths Ltd (ASX:LYC) gained 2.22%, OZ Minerals Ltd (ASX:OZL) added 0.86% and European Lithium Ltd (ASX:EUR) lifted 7.14%.
Macquarie Group Ltd (ASX:MQG) added 1.12%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lifted 0.65%, National Australia Bank Ltd (ASX:NAB) gained 0.79%, Westpac Banking Corp (ASX:WBC) added 1.18% and Commonwealth Bank Of Australia (ASX:CBA) increased 0.21%.
Meantime, Block Inc (ASX:SQ2) dipped 3.72%, Appen Ltd (ASX:APX) fell 3.58%, Megaport Ltd (ASX:MP1) lost 2.62%, Novonix Ltd (ASX:NVX) fell 4.71%, Xero Ltd (ASX:XRO) lost 5.16%, Brainchip Holdings Ltd (ASX:BRN) dipped 5.73% and Wisetech Global Ltd (ASX:WTC) dropped 4.11%.
Among currencies, the Aussie is still hovering around five-month highs at 75.04 while the US Dollar Index was near fresh 22-month highs of 99.189. Oil prices have eased slightly, with WTI Futures down 3.57% and Brent Oil Futures down 3.2%.
On the bond markets, Australia 10-Year yields eased slightly from fresh 46-month highs of 2.897% while United States 10-Year rates were at 34-month highs of 2.533%.
In New Zealand, the NZX 50 lost 1.21% to 11,910.