By Oliver Gray
Investing.com - The S&P/ASX 200 added 0.2% to 6,484.2 after the first hour of Monday’s trade, slightly recovering from its worst weekly performance since March 2020 with a decline of 6.7%.
ASX 200 Futures were up 0.7%.
Among stocks, energy companies were the greatest laggards with Santos Ltd (ASX:STO) down 3.5%, Woodside Energy Ltd (ASX:WDS) falling 3.4%, Beach Energy Ltd (ASX:BPT) down 4.9% and Viva Energy Group Ltd (ASX:VEA) falling 2%.
Materials fell 2.1% collectively, with Rio Tinto Ltd (ASX:RIO) down 2.4%, BHP Billiton Ltd (ASX:BHP) falling 2.1%, Fortescue Metals Group Ltd (ASX:FMG) down 3.1% and Lynas Rare Earths Ltd (ASX:LYC) down 3.4%.
Consumer Discretionary added 1.9% with JB Hi-Fi Ltd (ASX:JBH) up 3.1%, Domino's Pizza Enterprises Ltd (ASX:DMP) gaining 3.7%, Aristocrat Leisure Ltd (ASX:ALL) up 2.4% and Wesfarmers Ltd (ASX:WES) adding 2.2%.
Real Estate stocks gained 1.7% with Goodman Group (ASX:GMG) adding 1.1%, Charter Hall Group (ASX:CHC) gaining 1.5%, Stockland Corporation Ltd (ASX:SGP) up 1.4% and Scentre Group Ltd (ASX:SCG) adding 1.6%.
Financials added 1.3% overall with Macquarie Group Ltd (ASX:MQG) up 1.6%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lifting 1.4%, Commonwealth Bank Of Australia (ASX:CBA) adding 2%, National Australia Bank Ltd (ASX:NAB) gaining 0.8% and Westpac Banking Corp (ASX:WBC) up 1%.
On the bond markets, Australia 10-Year rates were at 4.067% while United States 10-Year yields were at 3.345%.
In New Zealand, the NZX 50 was up just 0.1% to 10,595.