ASX 200 climbs as mining, oil stocks rally; $A slips after Hamas’ Israel attack

The Australian sharemarket was pushed higher by a rally in energy and mining stocks as the oil price surged in Asia after Hamas’ bloody weekend incursions into Israel. The benchmark S&P/ASX 200 jumped 34 points, or 0.5 per cent, to 6988.2 at midday after the shock attacks on Israel sent oil surging more than 4 per cent and investors piled into gold as a safe haven asset. A rally on Wall Street also buoyed the sharemarket as investors shrugged off better-than-expected US jobs figures.

Oil soared more than 4 per cent as traders reacted to the unexpected attacks by Hamas that left hundreds dead. West Texas Intermediate was trading over $US86 a barrel Monday. Local energy stocks rallied with Woodside Energy up 3.1 per cent, Santos climbing 2.9 per cent and Ampol gained 1.6 per cent.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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ASX 200 climbs as mining, oil stocks rally; $A slips after Hamas’ Israel attackThe sharemarket climbed as energy and gold stocks rallied; $A slips as investors pile into the greenback; Wall Street shrugs off robust US jobs figures. Follow here for more.
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