ASX opens 1.3% higher, industrials and real estate lead

Summary

• ASX 200 gaines 82 points to be 1.3% higher at the open. Industrial and real estate stocks lead, while consumer stocks drag
• A surge in Xero shares pushes the ASX technology sector up 1.6% at the open despite the Nasdaq falling 1.4% over night
• CBA first-quarter cash profit has fallen 16% to $1.8b, but the lender says deferral balances are shrinking and its loan book growing
• Spot gold has risen 0.8% to $US1877.44 an ounce, Brent crude jumped 2.9% and US oil was 2.8% higher, while iron ore was up 0.7% to $US117.80 per tonne