Wednesday, 24 April 2013 10:31
Posted by Shoaib-ur-Rehman Siddiqui
SYDNEY/WELLINGTON: Australian shares jumped 1.3 percent in midday trade on Wednesday, as banking stocks soared and as benign inflation data strengthened the case for more interest rate cuts.Financials were led higher by Westpac Banking Corp climbing 2.1 percent to A$32.36 and top lender the Commonwealth Bank of Australia advancing 2 percent to A$71.45. Both stocks were at an all-time high."It's basically all about the yield play in the market at the moment, I think everyone's ...