The ASX200 has followed Wall Street’s lead, up over 60 points to 4660, a jump of close to 1.5%
Wall Street was buoyed by the Reserve Bank of Australia’s decision to raise interest rates by 25 basis points yesterday.
The materials index was the strongest performing sector, up almost 3%. Newcrest Mining “(ASX:NCM)”:http://www.cxo.com.au/articles/tag/Newcrest%20Mining/ was up over 6% to $2.16 and Lihir Gold (ASX:LGL) was up 17c to $3.14 as investors pounced on gold stocks.
Gold reached an all-time high of $1,040 an ounce overnight.