SYDNEY: The Australian sharemarket has improved steadily during the morning, with financial stocks leading broad-based buying across the market.
At 12.05pm (AEDT), the benchmark S&P/ASX200 index was up 78.1 points, or 1.51 per cent, at 5244.6, while the broader All Ordinaries index climbed 74.4 points, or 1.43 per cent, to 5292.6.
The benchmark had opened up 0.2 per cent, but tracked higher as most economic releases pointed to a strengthening economy.
The Australian Bureau of Statistics reported a better-than-expected rise in building approvals in October while the bureau found the nation’s current account deficit narrowed in the September quarter, albeit less than expected.
