Shares higher on stimulus hopes: Afternoon market insights

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.

Myriam Robin 04 July, 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.

About the author

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.