* Rio, Fortescue shine as results beat estimates
* Macquarie says Q1 results to be lower, gives no outlook
* Tech stocks mark best day in more than a week
July 30 (Reuters) - Australian shares rose on Thursday as
the U.S. Federal Reserve reiterated its plans to keep interest
rates near-zero for as long as it takes to revive the economy,
while strong performance from domestic iron ore miners also
The S&P/ASX 200 index was up 0.7% at 6,045.3 by 0106
Fed policymakers renewed their pledge to utilise all means
at their disposal to set the virus-hit economy on the path to
recovery but warned that the outlook would depend on the course
the virus takes.
Australian mining index also drew support from
better-than-expected earnings and production numbers from iron
Heavyweights Rio Tinto and Fortescue Metals Group
beat expectations to post solid results as demand
recovers in China for the steel-making material.
Financials also rose 1% with the "Big Four" banks all
trading in positive territory.
Lender Macquarie Group rose 2.4% despite saying its
first-quarter profit would be lower than last year and left
investors in the dark with no earnings forecast for fiscal 2021.
Meanwhile, Commonwealth Bank of Australia said it would
allocate $216 million as remediation to customers affected by
widespread misconduct in its aligned advice businesses.
As investors' place optimistic bets on impending results
from U.S. tech giants, Australian technology stocks
followed suit to add as much as 2.5% and mark their best session
in more than a week.
Buy-now-pay-later firm Afterpay tacked on 2.7%,
while accounting software company Xero gained 1.4%.
New Zealand's benchmark S&P/NZX 50 index gained 0.6%
Fisher & Paykel Healthcare Corp and Ryman
Healthcare gained 1.1% and 1.5%, respectively.
(Reporting by Arpit Nayak in Bengaluru, Editing by Sherry