Australian shares have risen sharply, buoyed by miners, as investors found comfort in Wall Street's strong finish following a report that the US Federal Reserve will likely debate a less-aggressive interest rate hike in December.
All three major US stock indexes surged more than 2 per cent, and notched their biggest Friday-to-Friday percentage gains since June, closing the book on a week marked by mixed earnings, soft economic data and political turmoil in Britain.