By Oliver Gray
Investing.com - The S&P/ASX 200 added 26.30 points or 0.4% to 7,540.00 during Tuesday’s morning deals, extending gains of 0.3% in the previous session and trading near fresh 13-week highs as market participants tracked a tech-led rally in U.S. equities overnight, while investors look ahead to the RBA’s interest rate decision later in the day.
ASX 200 Futures were pointing 0.3% lower.
Information Technology gained 3.1% overall, as Block Inc (ASX:SQ2) rallied 6.2%, Appen Ltd (ASX:APX) gained 2.2%, Megaport Ltd (ASX:MP1) added 1.3%, Novonix Ltd (ASX:NVX) lifted 5.9% and Brainchip Holdings Ltd (ASX:BRN) gained 3%.
Real estate companies traded higher with Goodman Group (ASX:GMG) up 4%, Stockland Corporation Ltd (ASX:SGP) gaining 0.5% and Charter Hall Group (ASX:CHC) up 0.3%.
Among stocks, Materials were down 0.4% collectively, as Rio Tinto Ltd (ASX:RIO) fell 0.65%, BHP Billiton Ltd (ASX:BHP) eased 0.5%, Fortescue Metals Group Ltd (ASX:FMG) added 0.1%, Arizona Lithium Ltd (ASX:AZL) gained 4.2%, Lake Resources NL (ASX:LKE) added 4.5% and Core Lithium Ltd (ASX:CXO) gained 3.1%
Ahead in the session, investors will be closely monitoring the Reserve Bank of Australia’s interest rate decision, with analysts expecting policymakers to hold steady on the current benchmark rate.
On the bond markets, Australia 10-Year yields eased further from 45 month highs to 2.787%, while United States 10-Year rates were steady at 2.397%.
In New Zealand, the NZX 50 added 0.22% to 12,080.