THE Australian share market has opened almost a third of a per cent higher after mixed performances on world markets overnight.
At 10.15am AEST today, the benchmark S&P/ASX200 index was up 16.6 points, or 0.32 per cent, at 5215.0, while the broader All Ordinaries index was up 15.9 points, or 0.31 per cent, at 5196.5.
On the ASX 24, the June share price index futures contract was up 14 points at 5208, with 5727 contracts traded.
In economic news today, the Reserve Bank of Australia is due to release its Statement on Monetary Policy.
In equities news, the High Court is expected to release its judgement in the Aristocrat Technologies Australia vs Global Gaming Supplies matter while Oil Search has its annual general meeting scheduled in Port Moresby.
In Australia, the market yesterday closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures.
The unemployment rate fell to 5.5 per cent in April, with the total number of people with jobs rising by 50,100, figures released by the Australian Bureau of Statistics yesterday showed.
The benchmark S&P/ASX200 index was down 1.4 points, or 0.03 per cent, at 5198.4 points, while the broader All Ordinaries index was up 2.7 points, or 0.05 per cent, to 5180.6 points.

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