Aust stocks close higher

Local market holds above 5,400 as investors expect US stimulus to continue

The Australian stock market has closed above the 5,400 psychological threshold as investors expect monetary stimulus to continue in the United States for the time being. 

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index rose 0.86 per cent to 5,401.7 points, while the broader All Ordinaries index lifted 0.83 per cent to 5,396.2 points.

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