The benchmark S&P/ASX200 built on its gains during the day, finishing the week up 35.2 points or 0.58 per cent to 6,126.2 points.
The broader All Ordinaries jumped by 37.8 points or 0.61 per cent to 6,261.7 points.
For the week, the ASX200 was up 2.02 per cent. It’s actually been the Australian share market’s best week since 3 July, despite a Covid-hit earnings season.
What happened this afternoon?
The benchmark S&P/ASX200 retained its momentum from the morning and was up 26.6 points or 0.44 per cent to 6,117.6 points at 12:13pm AEST.
The All Ordinaries was similarly up by 27.5 points or 0.44 per cent to 6,251.3 points.
What happened this morning?
The Australian share market is off to a hopeful start on Friday, with the benchmark S&P/ASX200 up 24.8 points or 0.41 per cent to 6,115.8 points at 10:19am AEST, despite forecasts that the ASX would open in the red off the back of a mixed result from Wall Street.
Meanwhile, the broader All Ordinaries also rose by 25.3 points or 0.41 per cent to 6,249.2 points.
The Reserve Bank governor Philip Lowe is fronting the House of Representatives Standing Committee on Economics and has warned that the economic road to recovery will be “uneven and bumpy”.
“The recovery is also likely to be more drawn out than was initially expected despite the downturn being less severe than expected,” he said.
What happened overnight?
Over on Wall Street, two of the major indices closed up Thursday in the red, with both the Dow and the S&P 500 down by 0.29 per cent and 0.2 per cent respectively while the Nasdaq rose by 0.27 per cent.
Tech giants Apple, Alphabet, Facebook and Netflix were up, with Tesla adding a further 4 per cent to yesterday’s 13 per cent gain.
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