By Oliver Gray
Investing.com - The S&P/ASX 200 gained 81.6 points or 1.2% to 6,746 after the first hour of Tuesday’s trade, recovering losses of 1.4% in the previous session, with investors tracking a positive session among U.S. equities overnight as investors cheered solid earnings results, while U.K. Chancellor of the Exchequer Jeremy Hunt also boosted sentiment after moving to reverse the country's recent controversial tax-cuts.
ASX 200 Futures were pointing 0.3% higher.
Among stocks, gains were led by the risk-sensitive Information Technology and Real Estate sectors, up 2.9% and 2.3% respectively, with Block Inc (ASX:SQ2) lifting 7.8%, Appen Ltd (ASX:APX) up 4.2%, Megaport Ltd (ASX:MP1) gaining 7% and Novonix Ltd (ASX:NVX) surging 10.3%.
Mirvac Group (ASX:MGR) lifted 2.7%, Charter Hall Group (ASX:CHC) gained 1.7%, Goodman Group (ASX:GMG) added 3.2% and Stockland Corporation Ltd (ASX:SGP) added 2.2%.
Financials were up 1.5% overall, with Macquarie Group Ltd (ASX:MQG) adding 3.2%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) up 0.9% Commonwealth Bank Of Australia (ASX:CBA) gaining 0.9%, Westpac Banking Corp (ASX:WBC) lifting 1.6% and National Australia Bank Ltd (ASX:NAB) up 1.2%.
On the bond markets, Australia 10-Year yields were at 3.984%, while United States 10-Year rates were at 4%.
In New Zealand, the NZX 50 gained 0.9% to 10,879.2.