Australia Stocks Extend Rally on Global Relief

2026-04-08 00:47 By Farida Husna 1 min. read

Australian equities jumped 235 points, or 2.7%, to 8,964 on Wednesday morning deals, continuing the bullish momentum from the prior session while holding at a four-month high, as nearly all sectors posted solid gains, including consumer durables, financials, healthcare, and logistics.

A strong surge in U.S.

stock futures boosted sentiment after President Trump announced a two-week delay to a planned U.S.

attack on Iran, making more time for negotiations between the two sides.

Meanwhile, Iran's supreme leader reportedly has signed off on the deal, according to several Iranian officials.

Locally, personal spending in Australia rose 0.3% mom in February, matching January's pace and marking a second straight month of growth.

Among early standouts were Evolution Mining (7.7%), Northern Star Resources (5.6%), and Macquarie Group (4.9%).

The four largest banks soared between 3.2% to 3.7%.

In contrast, fuel refiners and marketers slipped, particularly Ampol (-4.0%) and Viva Energy (-7.4%).



News Stream
Australia Stocks Extend Rally on Global Relief
Australian equities jumped 235 points, or 2.7%, to 8,964 on Wednesday morning deals, continuing the bullish momentum from the prior session while holding at a four-month high, as nearly all sectors posted solid gains, including consumer durables, financials, healthcare, and logistics. A strong surge in U.S. stock futures boosted sentiment after President Trump announced a two-week delay to a planned U.S. attack on Iran, making more time for negotiations between the two sides. Meanwhile, Iran's supreme leader reportedly has signed off on the deal, according to several Iranian officials. Locally, personal spending in Australia rose 0.3% mom in February, matching January's pace and marking a second straight month of growth. Among early standouts were Evolution Mining (7.7%), Northern Star Resources (5.6%), and Macquarie Group (4.9%). The four largest banks soared between 3.2% to 3.7%. In contrast, fuel refiners and marketers slipped, particularly Ampol (-4.0%) and Viva Energy (-7.4%).
2026-04-08
ASX 200 Surges 1.7% at Finish
The ASX 200 jumped 149 points, or 1.7%, to close at 8,729 on Tuesday, its highest in nearly four weeks. Local markets rebounded from the prior session’s weakness as trading resumed post-Easter, with broad gains led by producer manufacturing, logistics, healthcare, and finance. Sentiment was buoyed by Wall Street’s S&P 500 and Nasdaq on Monday, which rose for the fourth straight session, ahead of a U.N. vote on protecting shipping in the Strait of Hormuz. Gains were limited, however, after Australia’s monthly inflation gauge surged 1.3% mom in March, reversing February’s 0.2% drop and marking the sharpest rise on record, underscoring renewed price pressures since H2 2025. Meanwhile, job ads shrank the most in six months, and services activity contracted for the first time in over two years. Standout performers included Lynas Rare Earths (4.6%), Greatland Resources (4.0%), Mineral Resources (3.4%), and BHP Group (2.9%). Meanwhile, the four largest banks gained between 1.7% and 2.6%.
2026-04-07
Stocks in Australia Hit 4-week High
ASX200 increased to 8760.00 Index Points, the highest since March 2026. Over the past 4 weeks, Australia Stock Market Index (AU200) gained 1.78%, and in the last 12 months, it increased 16.54%.
2026-04-07