Aust stocks break 5400 threshold

Local market hits fresh five-year high, pushes through key psychological barrier as Fed taper speculation boosts global bourses.

The Australian stock market pushed to a fresh five-year high and broke through the key 5,400 barrier in morning trade, following gains on international markets as investors interpret US jobs figures as meaning the Federal Reserve will continue its stimulus measures.

At 1050 AEDT, the benchmark S&P/ASX200 index was 0.49% higher at 5,399.3 points, while the broader All Ordinaries index increased 0.49% to 5,397.6 points.

In earlier trade, the benchmark index hit as high as 5,402.4 points.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles