The Australian share market has opened higher as investors welcome solid Chinese economic data, the possibility of a diplomatic solution to the Syria chemical weapons issue and renewed business con
US stocks rose on better Chinese economic data and easing concerns about Syria, despite a fall in Apple shares following the launch of two new iPhones.
Australian shares are close to their highest point for the year as investor confidence is boosted by a decisive federal election result and encouraging Chinese economic data.
Oil prices have lost support after hitting 28-month highs over fears of fallout from a possible US military attack on Syria for its alleged use of chemical weapons.
US stocks have risen, helped by optimism that a military strike on Syria might be avoided.The Dow Jones Industrial Average gained 140.62 (0.94 per cent) to 15,063.12 on Monday.
Strong car sales, revived merger and acquisition activity and an expected product launch from Apple have helped propel stocks higher in a week that also featured some major headwinds.
A former director of a stock trading firm that collapsed owing about $630 million to creditors says he hopes to get his life back after being found not guilty of dishonesty using his position.
Wall Street stocks have jumped after surging US auto sales pointed to robustness in the manufacturing sector.The Dow Jones Industrial Average rose 96.91 (0.65 per cent) to 14,930.87.
The Australian dollar has extended its rally, heading toward 92 US cents, after official data showed local economic growth was solid in the June quarter.
Wall Street stocks have jumped after surging US auto sales pointed to robustness in the manufacturing sector.The Dow Jones Industrial Average rose 96.91 (0.65 per cent) to 14,930.87.
The Australian share market has lost ground as renewed concerns about a possible US military strike on Syria outweighed encouraging figures on economic growth.