Wednesday, 07 November 2012 11:20
MELBOURNE: Australian shares rose 0.7 percent on Wednesday, with banks and miners to the fore, but investors were cautious awaiting Wall Street's reaction to the re-election of USPresident Barack Obama.
Retailers declined after policymakers left Australia's official cash rate unchanged this week.
"Local investors were trading in non-committal fashion today until we see what verdict Wall Street delivers in response to the election result," said Tim Waterer, trader at CMC Markets.
The benchmark S&P/ASX 200 index gained 31.7 points ...