US markets recovered overnight as oil prices fell for the second session in a row. The S&P 500 rose 1.1% and the Nasdaq lifted 1.6%. SPI futures in Australia rose 44 points, or 0.5%.
Support for shares came in despite the Federal Reserve’s decision to raise interest rates this week. The gold price remained rangebound, while industrial metals silver and copper lifted 1.2% and 1.6%, respectively. Base metals zinc and lead were also positive.
Perhaps most importantly, the yield on the 10-year Treasury note fell below 5%, a level that had caused investor concern over its implications for US federal debt.
Here in Australia, income-focused investors are set for bumper payouts, with $40 billion in dividends set to be paid out over the next two months. FY26 is the third-highest year for corporate payouts in ASX history, according to Richard Coppleson of Bell Potter Securities.
Write to Callum Newman at Mining.com.au
Main image: Upslash
