By Oliver Gray
Investing.com - The S&P/ASX 200 added 17.40 points or 0.3% to 6,807.3 during Tuesday’s trade, following a flat session yesterday as investors proved optimistic ahead of Wednesday’s inflation figures and the Federal Reserve’s policy decision later in the week.
Among stocks, Energy companies led gains, lifting 2.8% collectively. Woodside Energy Ltd (ASX:WDS) gained 2.8%, Santos Ltd (ASX:STO) added 2.6%, Beach Energy Ltd (ASX:BPT) lifted 4.1% and Viva Energy Group Ltd (ASX:VEA) gained 1.6%.
Materials lifted 1.6% overall with Rio Tinto Ltd (ASX:RIO) up 1.9%, BHP Billiton Ltd (ASX:BHP) and Fortescue Metals Group Ltd (ASX:FMG) gaining 1.2% apiece while Champion Iron Ltd (ASX:CIA) lifted 3%.
Consumer Discretionary led declines, down 1.7% as JB Hi-Fi Ltd (ASX:JBH) dipped 0.9%, Domino's Pizza Enterprises Ltd (ASX:DMP) fell 1.2%, Wesfarmers Ltd (ASX:WES) lost 2.1% and Aristocrat Leisure Ltd (ASX:ALL) fell 1.8%.
Meantime, Zip Co Ltd (ASX:ZIP) surged 19.9%, while Iress Ltd (ASX:IRE) dropped 6.5% after reporting the resignation of CEO Andrew Walsh.
On the bond markets, Australia 10-Year rates were 3.367% while United States 10-Year yields were at 2.79%.
In New Zealand, the NZX 50 fell 0.3% to 11,166.6.