The Australian sharemarket is higher after US stocks ignored the release of disappointing Chinese trade data to end last week positively. JB Hi Fi profit wrong-foots short sellers BlueScope shares soar on Nippon deal Westfield, AMP discuss mall split James Hardie lifts profits on sales boost 11.11am: Another comment here from Ric Spooner of CMC Markets, who said the Australian market was continuing to rally after recent announcements at the European Leaders Summit and by the European Central Bank that had reduced the potential of a near term crisis in Europe. ‘‘The S&P/ASX 200 index has now rallied by more than seven per cent from its low in June,’’ he said....
0 Responses to Markets Live: Stocks move higher