The Australian stock market is trading firm on Tuesday with the overnight positive close on Wall Street and higher commodity prices prompting investors to go in for some hectic buying almost across the board.
The benchmark S&P/ASX 200 index is currently trading at 4,845, up 54.1 points or 1.1% over its previous close. The broader All Ordinaries index is up 51.7 points or 1.1% at 4,855. Energy, materials, financials and consumer staples stocks are among the most prominent gainers.
When Australia's market last traded, the S&P/ASX 200 index had gained 51.6 points or 1.1% to 4,791, while the All Ordinaries index moved up 47.2 points or 1% to 4,803.3.
Among top miners, BHP Billiton and Rio Tinto are up 1.3% and 1.2% respectively. Newcrest Mining is gaining about 0.6% and Orica is trading higher by 1.3%. Bluescope Steel, Fortescue Metals, Lihir Gold and Incitec Pivot are also up in positive territory with notable gains.
In the energy space, Woodside Petroleum, Oil Search, Origin Energy and Santos are trading higher by 0.7%-2%.
Among bank stocks, ANZ Bank, Commonwealth Bank of Australia and National Australia Bank are trading stronger by 1.3%-1.7%, while Westpac Banking Corporation is in negative territory with a modest loss. Macquarie Group is trading 0.6% up.
In the currency market, the Australian dollar opened higher and was quoting at US$0.8871-US$0.8875, up 0.54% from Thursday's close of US$0.8823-US$0.8827.
Among other markets in the Asia-Pacific region, New Zealand, Japan and Singapore are trading modestly higher, while South Korea is exhibiting some weakness. Markets across the region had closed moderately higher on Monday.
On Wall Street, stocks managed to close modestly higher on Monday and extended their winning streak to a sixth successive session. After moving in a somewhat choppy fashion early on, the major averages moved to the upside going into the close.
The Dow moved up 27 points or 0.3% to 10,547.1, the Nasdaq advanced by 5.4 points or 0.2% to 2,291.8 and the S&P 500 edged up 1.3 points or 0.1% to 1,127.8.
Major European markets ended moderately higher on Monday. The French CAC 40 index and the German DAX index gained 0.9% and 0.8% respectively, while the U.K. markets were closed on the day.
Crude oil gained for a fourth straight day on Monday on improved demand prospects as strong holiday sales data boosted the outlook for the economy. Oil also got a boost from a slightly weaker dollar and turmoil in the Middle East. Light sweet crude for February rose to US$78.77 per barrel, up 72 cents on the session.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.