Australian stocks higher despite uncertain leads: Afternoon market insights

Myriam Robin /

The Australian sharemarket traded well into positive territory today, despite slightly negative finishes on Wall Street and in the UK overnight.

At 3.30pm the ASX200 was up 1.28% to 4096.6, while the broader All Ordinaries index gained 1.23% to 4135.7.

The dollar first weakened then strengthened in afternoon trade after EU leaders approved a  €120 billion growth pact and announced new plans to refinance ailing banks in the region. The Australian dollar traded at 1.015.

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.