Shares higher on stimulus hopes: Afternoon market insights
Wednesday, July 4, 2012/
The Australian sharemarket rose higher today as global markets were buoyed by anticipated stimulus from the Bank of England and the European Central Bank.
The ASX200 rose 1.04% to 4170.0, while the broader All Ordinaries index gained 1.06% to 4210.7.
The Australian dollar hit a two-month high today, buying $US1.02855.