ASX ends week higher; NAB and ANZ lift home loan rates; MinRes soars as it mulls spin-off

Miners and energy lead ASX gains. NAB and ANZ hike home loan rates, MinRes soars as it mulls spin-off, Nuix says no takeover bid and FTSE 100 rallies after the Queen's death.

The ASX is set to slip after the Federal Reserve reaffirmed its committment to tackle inflation and following the death of Queen Elizabeth II. Picture: NCA Newswire /Gaye Gerard.

Welcome to the Trading Day blog for Friday, September 9. The Australian sharemarket snapped a two-week losing streak after Friday's session saw strong gains by materials and energy stocks following the death of Queen Elizabeth II.

The S&P/ASX 200 index advanced 0.7 per cent, or 45.53 points to 6894.20.

London's FTSE 100 largely looks through the death of the Queen with stocks higher.

Wall Street closed on higher with the S&P 500 index up 0.6 per cent while the Nasdaq index jumped 0.6 per cent and the Dow Jones Industrial Average index 0.6 per cent higher.

Oil prices are higher with global benchmark Brent crude jumping 1.3 per cent to $US89.15 per barrel and the US Nymex up 2.0 per cent to $US83.54 per barrel.

Iron ore futures jumped 3.0 per cent to $US100.09 per tonne.

The Aussie dollar was near US68.31c at the local close.

Originally published as ASX ends week higher; NAB and ANZ lift home loan rates; MinRes soars as it mulls spin-off