By Oliver Gray
Investing.com - The S&P/ASX 200 added 61.2 points or 0.9% to 7,053.9 after the first hour of Thursday’s trade, retracing yesterday’s losses of 0.5% as overnight U.S. inflation data came in below expectations, easing from 41-year highs and boosting risk sentiment as the U.S. Dollar and yields fell.
ASX 200 Futures were trading flat at 6,951.5.
Among stocks, Information Technology led the gains, with Block Inc (ASX:SQ2) adding 8.6%, Appen Ltd (ASX:APX) up 3.6%, Megaport Ltd (ASX:MP1) lifting 7%, Novonix Ltd (ASX:NVX) surging 7.5% and Brainchip Holdings Ltd (ASX:BRN) up 5.4%.
Telecommunication Services lifted 2.2% collectively, with Telstra Corporation Ltd. (ASX:TLS) up 1.4% after reporting results in which the company grew its dividend amid weaker revenue and profits. Rea Group Ltd (ASX:REA) added 5.8%, Domain Holdings Australia Ltd (ASX:DHG) gained 3% and Seek Ltd (ASX:SEK) added 5.5%.
Consumer Discretionary was up 1.7%, with JB Hi-Fi Ltd (ASX:JBH) adding 4.2%, Domino's Pizza Enterprises Ltd (ASX:DMP) lifting 4.2%, Aristocrat Leisure Ltd (ASX:ALL) up 2.4% and Wesfarmers Ltd (ASX:WES) gaining 1%.
Real estate lifted 1.4%, as Mirvac Group (ASX:MGR) gained 3.8%, Charter Hall Group (ASX:CHC) added 2.6%, Goodman Group (ASX:GMG) gained 2.8%, Stockland Corporation Ltd (ASX:SGP) increased 1.6%.
On the bond markets, Australia 10-Year rates were at 3.286% while United States 10-Year yields were at 2.785%.
In New Zealand, the NZX 50 dipped 0.6% to 11,827.4.