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From Market Matters
[URL unfurl="true"]https://marketmatters.com.au[/URL]

"A bullish session after a decent selloff in U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour. With little selling in sight, the index broke through the 7800 mark – right back to where it started a day after Liberation Day, April 2 when U.S President Trump sent global markets into a downward spin. A bounce in the beaten down energy sector provided a significant boost as oil moved up again overnight, while a flurry of ‘beats’ from quarterly results in the commodities sector played a part too. The path of least resistance remains up, with over 75% of the mainboard in positive territory as the index closed on the high of the day.

The ASX200 rose +60pts/+0.76% closing at 7819.
Energy (+3.82%), Materials (+1.45%) and Real Estate (+1.18%) in the driver’s seat of the strong session.
Healthcare (-0.13%) dragged on gains, but not much."

The Energy sector boomed as Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts seeing brent crude jump above $US66 a barrel – Woodside Energy (WDS) +3.88%, Ampol (ALD) +7.7% and Beach Petroleum (BPT) +3.98% jumped higher.

<blockquote data-quote="finicky" data-source="post: 1326980" data-attributes="member: 2104">From Market Matters[URL unfurl=&quot;true&quot;]https://marketmatters.com.au[/URL]&quot;A bullish session after a decent selloff in U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour. With little selling in sight, the index broke through the 7800 mark – right back to where it started a day after Liberation Day, April 2 when U.S President Trump sent global markets into a downward spin. A bounce in the beaten down energy sector provided a significant boost as oil moved up again overnight, while a flurry of ‘beats’ from quarterly results in the commodities sector played a part too. The path of least resistance remains up, with over 75% of the mainboard in positive territory as the index closed on the high of the day.The ASX200 rose +60pts/+0.76% closing at 7819.Energy (+3.82%), Materials (+1.45%) and Real Estate (+1.18%) in the driver’s seat of the strong session.Healthcare (-0.13%) dragged on gains, but not much.&quot;The Energy sector boomed as Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts seeing brent crude jump above $US66 a barrel – Woodside Energy (WDS) +3.88%, Ampol (ALD) +7.7% and Beach Petroleum (BPT) +3.98% jumped higher.</blockquote>

[QUOTE="finicky, post: 1326980, member: 2104"] From [B]Market Matters[/B] [URL unfurl="true"]https://marketmatters.com.au[/URL] "A bullish session after a decent selloff in U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour. With little selling in sight, the index broke through the 7800 mark – right back to where it started a day after Liberation Day, April 2 when U.S President Trump sent global markets into a downward spin. A bounce in the beaten down energy sector provided a significant boost as oil moved up again overnight, while a flurry of ‘beats’ from quarterly results in the commodities sector played a part too. The path of least resistance remains up, with over 75% of the mainboard in positive territory as the index closed on the high of the day. The ASX200 rose +60pts/+0.76% closing at 7819. Energy (+3.82%), Materials (+1.45%) and Real Estate (+1.18%) in the driver’s seat of the strong session. Healthcare (-0.13%) dragged on gains, but not much." [B]The Energy sector boomed[/B] as Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts seeing brent crude jump above [B]$US66[/B] a barrel – Woodside Energy (WDS) +3.88%, Ampol (ALD) +7.7% and Beach Petroleum (BPT) +3.98% jumped higher. [/QUOTE]

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