Australian Market is Trading Firmly Today

• Australian market is trading firmly today and Australian stocks rose 0.5 per cent during morning session as firmer caution over the potential impact of a cyclone on mining shipments, keeping the market on track to post the biggest annual gain in four years.

• The benchmark S&P/ASX 200 index rose 25.2 points to 5,349.3 at 11:50 AM, just 108 points away from the 5-1/2 year high of 5,457.3 hit on October 28. 

• Australian dollar took a plunge against US dollar and now recovering marginally as RBA is heading to cut rates again in near future. Presently, the local currency is trading at 88.55 US cents.

ASX 200 Tips