ASX closes higher following an unexpectedly positive day, buoyed by US markets wrapping up their best week of the year, while ANZ settles credit card class action — a summary of the day’s events.

Australian shares ended the first session of the week on a positive note, with Wall Street traders pausing on Friday after a significant surge in values. For more financial news and insights from our specialist business reporters, visit our blog. Please note that this blog is not intended as investment advice.