The Australian sharemarket has risen in June, continuing its recovery from recent sell-offs, with a 0.82 per cent rise at 11:30am following modest gains on Wall Street. This follows a 1 per cent jump on Friday, driven by traders unwinding earlier sell-offs prompted by concerns over inflation and potential Reserve Bank interest rate hikes.
The SPI futures are pointing to a rise of 67 points.
Best and worst performers
The best-performing sector is Energy, up 1.56 per cent. The worst-performing sector is Information Technology, down 0.31 per cent.
The best-performing large cap is Amcor plc (ASX:AMC), trading 3.13 per cent higher at $15.31. It is followed by shares in Whitehaven Coal (ASX:WHC) and BlueScope Steel (ASX:BSL).
The worst-performing large cap is REA Group (ASX:REA), trading 1.94 per cent lower at $183.08. It is followed by shares in Reece (ASX:REH) and Meridian Energy (ASX:MEZ).
Commodities and the dollar
Gold is trading at US$2350.70 an ounce.
Iron ore is 0.1 per cent higher at US$115.25 a tonne.
Iron ore futures are pointing to a 1.1 per cent fall.
One Australian dollar is buying 66.61 US cents.
