Australian Market is Trading Slightly Higher Today

• The Australian market is trading slightly higher today with marginal gains by most of the sectors and other sectors are trying to offset the solid losses made by mining shares. 

•  In morning session, the benchmark S&P/ASX 200 index opened at 5,325 while the broader All Ordinaries opened at 5,328.

• Australia’s trade balance figures for November on Tuesday showed a better than expected lift in mining, and resources exports helped to narrow the deficit for the fourth consecutive month. But it was not enough to lift miners’ stocks.

• The Australian dollar is trading marginally weak against US dollar at 89.27 US cents.

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