By Oliver Gray
Investing.com - The S&P/ASX 200 added 46.5 points or 0.6% to fresh 10-month highs of 7,558.1 on Friday, advancing 1.1% for the week as optimistic investors rotated into the rate-sensitive technology and real estate sectors after the Federal Reserve policymakers eased the pace of rising rates earlier in the week.
Among stocks, real estate was 2.4% higher overall as Goodman Group (ASX:GMG) gained 2.8%, Charter Hall Group (ASX:CHC) added 2.4%, Mirvac Group (ASX:MGR) lifted 4.1% and Stockland Corporation Ltd (ASX:SGP) gained 3%.
Information Technology lifted 0.6% as Block Inc (ASX:SQ2) added 0.6%, Appen Ltd (ASX:APX) lifted 6.3%, Megaport Ltd (ASX:MP1) dipped 3.1% and Novonix Ltd (ASX:NVX) added 1.1%.
Financials added 1.2% ANZ Group Holdings Ltd (ASX:ANZ) lifted 2.3%, Commonwealth Bank Of Australia (ASX:CBA) added 1.3% to a fresh record high, National Australia Bank Ltd (ASX:NAB) lifted 1.3% and Westpac Banking Corp (ASX:WBC) gained 1.8%.
On the data front, home loans came in at -5.7%, well below estimates of -2.8% and falling further from last periods reading of -3%.
On the bond markets, Australia 10-Year rates were at 3.392% while United States 10-Year yields were at 3.376%.
In New Zealand, the NZX 50 added 0.4% to 12,197.2.