By Oliver Gray
Investing.com - The S&P/ASX 200 finished Thursday’s session up 119.4 points or 1.8% to 6,848.7, rebounding from two consecutive sessions of decline and posting its best daily performance in 10 weeks after Reserve Bank of Australia Governor Philip Lowe hinted at smaller interest rate increases in the future.
Among stocks, Information Technology led the gains with a 3.2% gain. Block Inc (ASX:SQ2) added 3.8%, Appen Ltd (ASX:APX) lifted 1.1%, Megaport Ltd (ASX:MP1) gained 12.6% and Novonix Ltd (ASX:NVX) added 11.2%.
Real Estate gained 2.9% overall with Mirvac Group (ASX:MGR) up 1.9%, Charter Hall Group (ASX:CHC) adding 3.5%, Goodman Group (ASX:GMG) gaining 3.6% and Stockland Corporation Ltd (ASX:SGP) up 3.1%.
Meantime Energy retreated, with Woodside Energy Ltd (ASX:WDS) falling 5.5% as the company traded ex-dividend. Santos Ltd (ASX:STO) fell 0.5%, Beach Energy Ltd (ASX:BPT) lost 1.2% and Viva Energy Group Ltd (ASX:VEA) dipped 0.7%.
On the bond markets, Australia 10-Year rates were at 3.593% while United States 10-Year yields were at 3.248%.
In New Zealand, the NZX 50 finished 1.1% higher at 11,677.9.