The share market is higher thanks to strength in the materials and energy sectors following gains on Wall Street and a lift in oil prices.

Wall Street rallied after the collapse of the Pfizer and Allergan merger and gains in energy shares.

Stocks of interest on the Australian Securities Exchange

The energy sector has boosted the Australian share market, despite weakness among three of the big four banks.

News from the world’s major stock markets

Stocks of interest on the Australian Securities Exchange