Australian Market Report of April 27, 2010: Shares Stronger on Metals Prices
The Australian shares opened higher on Tuesday despite most Asian markets dropped in early trade. Miners were boosted by stronger copper and gold prices. Most Asian markets yesterday rose as sentiment was improved after prospects of a European Union and the International Monetary Fund bailout for Greece. The Australian sharemarket was closed on Monday for a public holiday. In economic news today, the Australian Bureau of Statistics is due to unveil producer price indices (PPI) for March quarter. The National Australia Bank releases its business confidence survey for the March quarter.