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Article: Australian Market Report of November 10: Rally to Continue
- Article from:
- abnnewswire.net
- Article date:
- November 10, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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US stocks overnight closed at a new high for the year as the G20 finance ministers and central bankers pledged to keep stimulus measures until a recovery was certain. Dow jumped more than 200 points for the session, with 29 of the index's 30 components finished in the green.
The Australian market opened stronger today after Wall Street's rally. Yesterday the local shares closed firmer, buoyed by positive corporate news and a A$11 billion takeover proposal for AXA Asia Pacific. The benchmark S&P/ASX200 index was up 80.9 points, or 1.76 per cent, at 4674.9, while the broader All Ordinaries gained 82.1 points, or 1.78 per cent, to 4686.5.
The Australian dollar continued it rising streak today ...