Australian shares have started the day higher, tracking gains on Wall Street.
On Friday, the Dow Jones index rose 1.9 per cent, the S&P 500 gained 1.6 per cent and the Nasdaq Composite added 1.4 per centThe ASX 200 was up 35 points or 0.5 per cent to 6,641 at 10:19am AEST, with energy and industrial sectors leading the gains.Whitehaven Coal firmed 7.6 per cent while BrianChip gained 5.2 per cent.to bolster its customer growth and home-loan book.Meanwhile, New Zealand government data shows the country's annual inflation rose to 7.3 per cent from 6.
Fears of an economic downturn were fanned on Friday by Chinese data showing annualised 0.4 per cent growth in the second quarter, the worst since at least 1992, excluding early 2020 when the COVID-19 pandemic erupted. The pan-European STOXX 600 index rose 1.8 per cent and MSCI's gauge of stocks across the globe gained 1.5 per cent.
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