Aust stocks open stronger

By Chris Kohler

CMC Markets sales trader Garry Dean says investors were encouraged by easing geopolitical tensions. "Risk assets have posted significant rallies in overnight trading as we start the week, with an easing of tensions seen in the Ukraine," Mr Dean said. "Russia has said that a dispute over its humanitarian aid convoy has been settled, a major move forward given the conflict reported over the weekend. "European and US equity markets have rallied strongly, with gold trading back below $1,300, and oil falling to its lowest level in more than a year.

Wall Street also got a boost from a bidding war over three discount 'Dollar' store chains. At the 10. 15am (AEST) official market open, the benchmark S&P/ASX200 index rose 21. 8 points, or 0. 39 per cent, to 5,608. 9, while the broader All Ordinaries index gained 22. 9 points, or 0. 41 per cent, to 5,603. 5.

Read more here: Business Spectator


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