S&P/ASX 200 lifts as energy stocks rise after oil extends rally

ASX finishes 0.59% higher, with energy stocks performing after oil prices rise again.

Australia’s share market surged to a fresh record on Wednesday, fuelled by commodity price gains and strong economic data. Picture: Christian Gilles

Welcome to the Trading Day blog for Thursday, 3 June 2021. The S&P/ASX 200 recovered after a slip from its record intra-day high. It had been up as much as 0.9% to 7281.80, then dropped to being just 0.3% up before finished the day up 0.59% at 7260.1.

Commodity prices have boosted Australia's trade surplus, while retail sales were up.

 

Overnight, Wall Street wavered before edging higher amid continuing worries over inflation. European markets rose and oil prices extended their rally. Iron ore was slightly higher. 

Originally published as S&P/ASX 200 lifts as energy stocks rise after oil extends rally

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