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Markets look higher on US, Euro stimulus

Markets look higher on US, Euro stimulus

Wed August 8, 2012 11:09am

THE Australian share market has opened a third of a per cent higher.

At 10.11am AEST today, the benchmark S&P/ASX200 index was up 14.2 points, or 0.33 per cent, at 4305.8, while the broader All Ordinaries index was up 14.4 points, or also 0.33 per cent, at 4325.8.

On the ASX 24, the September share price index futures contract was up 15 points at 4,264, with 6507 contracts traded.

In economic news today, the Australian Bureau of Statistics is due to release June's housing finance figures.

In equities news, Qantas chief executive Alan Joyce is scheduled to address the American Chamber of Commerce in Australia lunch in Sydney.

Meanwhile, Computershare, Stockland and AVJennings are due to post full year results and Rio Tinto its first half results.

In Australia, the market yesterday closed at a three-month high on the back of improved investor sentiment towards the resources sector.

The benchmark S&P/ASX200 index was up 19 points, or 0.44 per cent, at 4291.6, while the broader All Ordinaries index was up 18.5 points, or 0.43 per cent, at 4311.4.

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