abc.net.au/news/asx-australian-share-market-business-company-global-stock/101568890Australian shares have opened sharply higher, tracking Wall Street's strong finish on Friday as well as firm oil prices that may support local energy stocks.On Friday, all three major Wall Street indices ralliedThe ASX 200 index was up 139 points, or 2.1 per cent, to 6,816 at 10:20am AEDT.All sectors were higher, with mining and real estate stocks leading the gains.
The rally gained momentum after US Treasury Secretary Janet Yellen said inflation is not becoming embedded in the economy, and San Francisco Federal Reserve President Mary Daly said it is time for the Fed to consider slowing the pace of its interest rate hikes. Meanwhile, the greenback tumbled against the yen, prompting analysts to suspect Tokyo of intervening to halt the Japanese currency's slide.