Australian shares have risen on Tuesday, despite Wall Street wavering ahead of another likely rate hike later this week.
The ASX 200 was up 0.3 per cent all day, and ended up this amount at 6,807 points.
Top performers included tech stock Zip (+19.9pc) and Paladin Energy (+8.1pc).
Zip's surge still takes it to above just $1 and it comes as the buy now, pay later stock has been struggling and exiting overseas markets.
Meanwhile, Paladin's growth comes after the uranium market posted an update today that included a reiteration that it would re-open a mine in Namibia as the price of the commodity tracks up.
Meanwhile, the energy index ended up overall 2.6 per cent.
This is as the price of oil again tracks upwards, with a gain of 1.5 per cent overnight.
Woodside, Santos, and Whitehaven all gained between 2 and 5 per cent.
Over the past five days, the ASX 200 has gained 2.4 per cent, but is down almost 9 per cent for the last year to date.
ASX up as Wall Street jitters continue
In the US, the S&P 500 gained a modest 0.1 per cent, while the Dow Jones gained 0.3 per cent.
The Nasdaq lost 0.4 per cent as tech companies including Apple, and Google's owner Alphabet prepared to report later this week.
This all came as a potential recession continued to loom.
Daily FX and IG analyst Thomas Westwater said the global forecast was getting gloomier.
"US stocks closed mixed overnight, but sentiment quickly soured in after-hours trading after Walmart lowered its profit outlook, citing double-digit food inflation and its impact on consumer spending," he wrote.
"The downbeat earnings outlook may weigh on market sentiment as traders prepare for earnings reports from Alphabet Inc and Microsoft tomorrow.
"The threat of a US recession looms large across financial markets, with the United States’ second-quarter gross domestic product (GDP) growth rate set to cross the wires this week.
"In Europe, expectations are darkening as well. German business confidence fell to the lowest level since the pandemic started, according to the Ifo business sentiment survey."
Europe’s largest economy is facing an energy crisis as it heads into winter. This is exacerbating inflation or price hikes.
Inflation is also a growing problem in Australia.
The latest data is out tomorrow and is expected to show that annual CPI has gone above the current level of 5.1 per cent.
