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Markets

Australian stocks open 0.49pc higher

SYDNEY : Australian stocks opened 0.49 percent higher on Wednesday despite Greek debt concerns as investors waited for t
Published Updated

australianSYDNEY: Australian stocks opened 0.49 percent higher on Wednesday despite Greek debt concerns as investors waited for the outcome of a US Federal Reserve policy meeting.

At 10:10 am (0015 GMT), the benchmark S&P/ASX 200 was up 19.8 points at 4,060.0 after a mixed performance in America overnight, where the Dow Jones Industrial Average rose but the S&P 500 and Nasdaq Composite fell.

The Australian dollar was trading at 102.62 US cents early in the session, up from its 102.07 US cents close on Tuesday.

 

Copyright AFP (Agence France-Presse), 2011

 

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