ASX 200 rises; Star jumps after damning report; Link hammered on deal hurdle

ASX closes at a 12-day high amid broad gains. Star jumps despite being 'unsuitable' for licence, Link hammered on deal fears and Ramsay dumped as KKR walks.

Wall St rallied overnight ahead of Westpac-MI consumer confidence and NAB business surveys today. Picture: David Swift

Welcome to the Trading Day blog for Tuesday, September 13. The Australian share market is on its longest winning streak in six weeks as interest rate sensitive sectors lead broad gains.

The S&P/ASX 200 index was up by 0.7 per cent to 7009.70.

Wall Street closed higher overnight with the S&P 500 index up 1.0 per cent while the Nasdaq index lifted 1.2 per cent and the Dow Jones Industrial Average index rose 0.7 per cent.

US 10-year bond yields jumped to 3.35 per cent, while two-year yields are higher at 3.56 per cent.

Oil prices are higher with global benchmark Brent crude rising 1.3 per cent to $US94.08 per barrel and the US Nymex is up 1.3 per cent to $US87.86 per barrel.

Iron ore futures fell 0.6 per cent to US$101.61 per tonne.

The dollar was near US68.83c at the local close.