Australian equities climbed 37 points, or 0.4%, to 8,769 in early Tuesday trading, ending two sessions of muted moves as an overnight Wall Street rally improved investor sentiment. Softer oil prices and easing U.S. Treasury yields supported the advance, while hopes for Middle East talks at the UN and upcoming U.S.-China meetings added to optimism despite ongoing geopolitical tensions. Gains were broad-based, led by technology, consumer durables, non-energy minerals and consumer services. The advance was restrained by inflation concerns after Reserve Bank Governor Michele Bullock adopted a hawkish tone in parliament last week. Australia’s four major banks now expect the central bank to raise interest rates next week, citing energy-related inflation pressures. Wisetech Global rose 3.8%, Xero Ltd. gained 3.6%, Lynas Rare Earths advanced 2.0% and REA Group increased 1.6%. Investors are awaiting the flash September PMI (early business activity gauge) and August labor data for further clues on monetary policy.