[BENGALURU] Australian shares jumped more than 3 per cent on Tuesday and were set to snap three sessions of losses, as the Federal Reserve's modification of its bond purchase programme boosted risk sentiment. Read more at The Business Times.
Miners rose 2.34 per cent, with global miners BHP Group and Rio Tinto advancing 1.5 per cent and 1.8 per cent, respectively.The energy subindex rose 4.32 per cent, after oil prices surged overnight on signs of demand recovery and hopes that Opec+ members would stick to promises of an output cut.
Brent crude futures fell 0.33 per cent to US$39.59 a barrel while US West Texas Intermediate crude lost 0.62 per cent to US$36.89 per barrel. Viva Energy Group Ltd was the top gainer on the benchmark index, despite forecasting lower first-half core profit.The number of issues on the ASX that advanced were 957, while 184 declined as a 5.2-to-1 ratio favoured advancers.Utilities co Meridian Energy jumped 2 per cent, while Goodman Property Trust rose 1.2 per cent.For daily updates on weekdays and specially selected content for the weekend.
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