Dec 28 (Reuters) - Miners powered Australian shares to a 16-month peak on Wednesday, outshining Wall Street's nudge higher on upbeat consumer data.
The S&P/ASX 200 index .AXJO rose 61.9 points, or 1.1 percent, to 5689.8 by 0052 GMT.
The benchmark is on track to rise for a third-straight quarter in what will be its longest streak of quarterly gains since March 2014.
The index is also set for its best yearly performance since 2013. Volumes, however, were thin at around 14 percent of the 30-day average.
Wall Street edged up after news that American consumers' confidence shot to its highest in more than 15 years in December as they saw more strength ahead in business conditions, stock prices and the job market. markets are following international leads - some better performances from European and U.S. markets has helped trading", said Michael McCarthy, chief market strategist at CMC Markets.
Share movements are "also possibly exaggerated by the fact that we have got very thin trading as we approach the end of year," he added.
Sentiment was also boosted by oil prices which climbed 1.5 percent on Tuesday driven by expectations of tighter supply once the first deal between OPEC and non-OPEC producers in 15 years to cut output takes effect on Sunday. O/R
Oil major Woodside Petroleum WPL.AX climbed 0.3 percent, extending gains into a fourth day while Santos Ltd STO.AX jumped 2 percent.
Global miners BHP Billiton (LON:BLT) Ltd BHP.AX and Rio Tinto (LON:RIO) Ltd RIO.AX were up 3 percent and 2.2 percent respectively.
Financials, too, contributed to the gains with Commonwealth Bank of Australia CBA.AX , the country's biggest bank by market value, rising as much as 1.1 percent to hit an 11-month high.
Australia's top grocer Woolworths Ltd WOW.AX soared as much as 3.1 percent to touch a two month high after it said it would sell its chain of petrol stations to BP plc BP.L gold index .AXGD jumped more than 4 percent after prices rose on Tuesday to a near two-week high on weak Japanese inflation data. GOL/ Newcrest Mining NCM.AX climbed 3.6 percent, extending gains into a sixth straight session in its longest winning streak since May 2015.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was flat at 6874.36.
Retirement village operator Metlifecare Ltd MET.NZ was among the top performers, rising 2.8 percent.
Energy utility Vector Ltd VCT.NZ and software provider Vista Group VGL.NZ were the other big gainers, rising 1.9 percent and 1.8 percent respectively.
At the other end, Fisher & Paykel Healthcare FPH.NZ slipped 1.6 percent.
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