End-of-day summary:
Records for Commonwealth Bank and Macquarie Group helped lift the Australian share market after Wall Street rebounded from its worst week in more than a year.
The ASX 200 rallied 24 points or 0.3%. The financial sector rose 0.62% to a new peak as CBA and MQG reset their highs. Macquarie put on 1.63%. CBA added 0.57%. Both stocks have gained at least 24% this year.
Mining majors BHP and Rio Tinto also rose as iron ore prices firmed 1.55% this afternoon in China.
Buyers dipped their toes in the US overnight after last week's 4.3% tumble on the S&P 500. The broadest of the major US stock benchmarks firmed 1.16% ahead of inflation reports this week that are expected to support the case for a rate cut next week.
