Australian Market Bounced Back After Not-So-Good Opening Session

• Australian markets opened flat to slightly higher following the Wall Street's overnight session. The benchmark S&P/ASX 200 index is up 4.5 points, or 0.1 per cent, to 5357.3, while the broader All Ordinaries has gained 5.1 points, or 0.1 per cent, to 5351.2. Gains in financials (+0.2%), consumer staples (+0.4%) and gold (+1.7%) are outweighing the materials' sector (-0.6%) losses.

• The local currency is doing a bit fine against its US counterpart and it rose 0.3 per cent to 91.91 US cents, following a four-day, 2.9 per cent decline. But Australian dollar is touching five-year low against its New Zealand counterpart amid prospects of change in monetary policy between the two nations.

• Regional markets are trading with mixed views today:

• Japan: -0.7%
• Shanghai: -0.1%
• Hong Kong: +0.1%
• Taiwan: +0.4%
• South Korea: -0.3%
• Singapore: -0.2%
• New Zealand: -0.1%

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