Aust stocks open stronger

Local market pushes almost half-a-per cent higher after strong US jobs data.

The Australian stock market opened stronger following rises on international markets after surprisingly strong United States jobs figures.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index added 0.45% to 5,167.7, while the broader All Ordinaries index increased 0.42%, to 5,170.1 points.

In economic news on Tuesday, the Australian Bureau of Statistics releases its October housing finance data and the National Australia Bank its monthly business survey for November.

In equities news, former Brambles division Recall is expected to list on the ASX, Woodside Petroleum has an investor update scheduled while Billabong International holds its annual general meeting on the Gold Coast.

In Australia, the market on Monday lost ground as insurance giant QBE's losses weighed on the financial sector.

The benchmark S&P/ASX200 index dropped 41.6 points, or 0.8%, to 5,144.4.

The broader All Ordinaries index shed 37.6 points, or 0.73%, to 5,148.4.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles