S&P/ASX 200 ends up 0.9% at a record daily close after US market records

Australia's share market surged to record highs after the US market also hit records while the local bourse was closed over the Queen's Birthday long weekend.

Markets will be watching this week’s US Federal Reserve meeting. Picture: Jeremy Piper

Welcome to the Trading Day blog for Tuesday, June 15. The ASX hit a fresh high at the open then continued to gain, to be up as much as 1.2pc at one stage during the morning.

US markets hit records ahead of this week’s Federal Reserve meeting. Iron ore miners were gaining and Nuix announced the CEO would retire and the CFO's employment had been terminated.

The S&P 500 rose 0.2 per cent and the Nasdaq added 0.7 per cent - both setting new records - while the Dow fell 0.3 per cent.  European markets mostly posted gains. Bitcoin briefly rose above $US40,000 for the first time in two weeks.

Minutes from the RBA's June board meeting have outlined the central bank's "key considerations" for its decision on the future of its yield curve control and bond buying programs which it plans to make at its next meeting on July 6th.