Australian Stocks Bounce Back Amid Easing Oil Fears

Australian stocks rebounded on Monday, with the S&P/ASX 200 rising 0.9% as miners and banks led the charge.

The rally came despite a slide in oil prices on Friday, but a pause in US strikes and comments from Tehran helped ease near-term supply fears, weighing on local energy names like Santos and Woodside.

Copper and gold prices were slightly firmer, lifting miners and giving the index a boost due to the resources sector's significant weight in Australia.

Banks also joined the move, with investors looking past Monday's headlines to Wednesday's Australian inflation data, which could impact the Reserve Bank of Australia's next meeting.