By Oliver Gray
Investing.com - The S&P/ASX 200 added 102.6 points or 1.5% to 6,779.4 during Monday’s trading session, reversing last week’s declines of 1.2% as risk sentiment was boosted following dovish messaging from U.S. Federal Reserve policymakers last week.
Among stocks, Materials were most improved, lifting 2.5% as Rio Tinto Ltd (ASX:RIO) lifted 1.2%, BHP Group Ltd (ASX:BHP) gained 2.6%, Fortescue Metals Group Ltd (ASX:FMG) added 2.5% and Champion Iron Ltd (ASX:CIA) lifted 5.9%.
Information Technology gained 2.3% with Block Inc (ASX:SQ2) up 2.8%, Appen Ltd (ASX:APX) lifting 0.4%, Novonix Ltd (ASX:NVX) surging 26.2% and Brainchip Holdings Ltd (ASX:BRN) up 4%.
Utilities gained 1.9% as Brambles Ltd (ASX:BXB) added 0.3%, Reece Ltd (ASX:REH) gained 3.8% and Transurban Group (ASX:TCL) lifted 1.5%.
Real Estate added 1.4% collectively with Goodman Group (ASX:GMG) up 2.3%, Charter Hall Group (ASX:CHC) lifting 3%, Mirvac Group (ASX:MGR) gaining 1% and Stockland Corporation Ltd (ASX:SGP) up 0.9%.
On the bond markets, Australia 10-Year yields eased to 4.153% while United States 10-Year rates were at 4.156%.