Archive · 12 Jan 2026

Australian shares rise on Wall Street gains and oil prices

Australian shares rise on Wall Street gains and oil prices

Australian shares went up on Monday.

This happened because Wall Street in the U.S. did well, and oil prices went up.

The biggest gains were in banks, consumer discretionary stocks, and energy stocks.

Banks like the 'big four' and Macquarie did better.

Energy stocks went up because of problems in Iran and Ukraine that might affect oil supply.

Consumer discretionary stocks had their biggest gain in over four months.

Miners did a bit worse, especially BHP, because iron ore prices went down.

Gold stocks did well too.

In New Zealand, shares also went up a little bit.

Meanwhile, there are big protests in Iran where more than 500 people have died, and over 10,600 have been arrested.

President Trump is thinking about different ways to respond, including military options.

Sources