Australian shares rise on ECB deal: Afternoon market insights
Friday, September 7, 2012/
The Australian sharemarket posted modest gains today, after the European Central Bank agreed to buy the bonds of distressed eurozone countries.
By 2.30pm, the ASX200 had gained 0.26% to 4324.1, while the broader All Ordinaries gained 0.35% to 4346.7.
The Australian dollar marched higher, buying $US1.03150.