Shares gain on European leads

The Australian share market is trading higher, with investors feeding off gains on European markets and optimism there will be more monetary stimulus in Japan.

The All Ordinaries index had risen 21 points, or 0.4 per cent, to 4,824 shortly before 11:00am (AEDT).

The ASX 200 index was 22 points higher at 4,800.

The gains have been broadly spread.

Iron ore miner Fortescue was up 2.9 per cent.

Rio Tinto was trading 0.9 per cent higher, while rival BHP Billiton had gained around 0.5 per cent.

Qantas was 0.5 per cent higher.

The Australian dollar was buying around $US105.14 US cents.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9275-0.0012-0.13%
    AUDUSD=X
    0.5526-0.0009-0.16%
    AUDGBP=X
    0.6711-0.001-0.15%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg