By Oliver Gray
Investing.com - The S&P/ASX 200 added 78.3 points or 1.1% to 7,071 during Thursday’s session, retracing losses of 0.4% yesterday amid a broad based rally as risk appetite returned following lower than expected U.S. CPI data released overnight.
Among stocks, Consumer Discretionary led the gains, lifting 2.2% collectively as JB Hi-Fi Ltd (ASX:JBH) added 2.7%, Domino's Pizza Enterprises Ltd (ASX:DMP) lifted 3.8%, Aristocrat Leisure Ltd (ASX:ALL) gained 2.9% and Wesfarmers Ltd (ASX:WES) added 2.2%.
Real estate gained 2% collectively, with Mirvac Group (ASX:MGR) and Charter Hall Group (ASX:CHC) adding 3.8% apiece, while Goodman Group (ASX:GMG) gained 4%, Stockland Corporation Ltd (ASX:SGP) lifted 2.4% and Scentre Group Ltd (ASX:SCG) added 0.7%.
Materials finished 1.5% higher as BHP Group Ltd (ASX:BHP) added 2.2%, Fortescue Metals Group Ltd (ASX:FMG) gained 1.3%, Champion Iron Ltd (ASX:CIA) lifted 1.4% while Rio Tinto Ltd (ASX:RIO) dipped 3.9%.
On the bond markets, Australia 10-Year rates were at 3.316% while United States 10-Year yields were at 2.764%.
In New Zealand, the NZX 50 added 0.1% to 11,760.