By Oliver Gray
Investing.com - The S&P/ASX 200 added 13.2 points or 0.2% to 7171.2 after the first 90 minutes of trade, extending gains of in the previous week and trading at the highest levels since June as higher Copper and Iron ore prices boosted the Materials sector.
ASX 200 Futures were pointing 0.3% lower.
Major miners led the advance, with Rio Tinto Ltd (ASX:RIO) up 5.1%, BHP Group Ltd (ASX:BHP) gaining 5%, Fortescue Metals Group Ltd (ASX:FMG) up 8.9% and Champion Iron Ltd (ASX:CIA) adding 10.6%.
Energy lifted 1.6% collectively as Woodside Energy Ltd (ASX:WDS) gained 1% and South32 Ltd (ASX:S32) popped 3.9%.
Ahead in the week, market participants will be looking towards the release of the RBA’s November meeting minutes on Tuesday as well as fresh wage price and employment set for release later in the week.
On the bond markets, Australia 10-Year rates were at 3.748%.
In New Zealand, the NZX 50 was down 0.3% to 11,274.5.