THE Australian share market has opened more than one per cent higher.
At 1010 AEST today, the benchmark S&P/ASX200 index was up 53.4 points, or 1.04 per cent, at 5,182.9, while the broader All Ordinaries index was up 52.8 points, or 1.03 per cent, at 5,158.2.
On the ASX 24, the June share price index futures contract was up 41 points at 5,168, with 6,931 contracts traded.
In other economic news today, the Australian Bureau of Statistics releases the retail trade figures for March, while the TD Securities inflation gauge, the Dun and Bradstreet business expectations survey, and the ANZ jobs figures are also due to be released.
No major equities news is expected.
In Australia, the market on Friday closed flat as investors reap profits from booming bank stocks and some worries about global growth.
The benchmark S&P/ASX200 index was up half a point at 5,129.5 points, while the broader All Ordinaries index was up 1.30 points at 5,105.00 points.
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