THE Australian market has opened higher after falls on Wall Street.
At 10.15am AEDT today, the benchmark S&P/ASX200 index was up 21.3 points, or 0.43 per cent, at 4987.8, while the broader All Ordinaries index was up 23.3 points, or 0.47 per cent, at 5003.2.
On the ASX 24, the June share price index futures contract was up three points at 4990, with 4594 contracts traded.
In economics news today, the Reserve Bank of Australia board is due to hold its monthly interest rate meeting.
Most economists are tipping the cash rate to stay on hold at 3.0 per cent.
In equities news, Billabong could make a much-anticipated announcement about two possible takeover bids.
In Australia, the market last Thursday closed lower before the long Easter break as the big resources companies dragged the market down following falls in China.
At the close last Thursday, the benchmark S&P/ASX200 index dropped 28.5 points to 4966.5.
The broader All Ordinaries index fell 27.1 points to 4979.9.
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