By Oliver Gray
Investing.com - The S&P/ASX 200 added 32 points or 0.5% to 6,501.4 after the first hour of Tuesday’s trade, following declines of 1.6% in the previous session and trading just above 3-month lows.
ASX 200 Futures were pointing 0.1% higher.
Among stocks, Energy led the gains adding 2.4% with Woodside Energy Ltd (ASX:WDS) up 2.2%, Santos Ltd (ASX:STO) gaining 1.9%, Beach Energy Ltd (ASX:BPT) up 1.7% and Viva Energy Group Ltd (ASX:VEA) adding 0.6%.
Materials also lifted 2.3% with Rio Tinto Ltd (ASX:RIO) gaining 2.6%, BHP Group Ltd (ASX:BHP) up 2.6%, Fortescue Metals Group Ltd (ASX:FMG) lifting 3.8% and Champion Iron Ltd (ASX:CIA) up 4.6%.
Real estate fell 1.6% with Mirvac Group (ASX:MGR) down 1%, Charter Hall Group (ASX:CHC) adding 0.2%, Goodman Group (ASX:GMG) down 1.8% and, Stockland Corporation Ltd (ASX:SGP) falling 1.1%
Among currencies, the Australian dollar was trading 0.6% higher at 0.6495 following a fall to fresh 22-year lows overnight.
On the bond markets, Australia 10-Year bond yields were at 3-month highs of 4.071% while United States 10-Year yields were near fresh 22-year highs of 3.874%.
In New Zealand, the NZX 50 returned to trade after a public holiday, falling 0.6% to 11,368.1.