Thursday, 10 May 2012 09:53
MELBOURNE: Australian shares firmed 0.1 percent on Thursday, recovering from a one-month low as miners bounced back on upbeat comments from world No.3 miner Rio Tinto Ltd.
Local job numbers are now awaited, as are Chinese trade balance results.
While Australia is forecast to have shed 5,000 jobs, China's April trade data should show exports stabilising as imports tick higher, reinforcing the view that the world's second-biggest economy is gradually recovering.
Also encouraging was a fall in the ...