ASX follows Nasdaq’s record high, ahead of inflation data and Australia Day

The local share market has kicked off its shortened trading week, ahead of Australia Day, with slight gains.

By 10:30am AEDT, the benchmark ASX 200 had lifted (+0.3pc) to 6,823 points, while the All Ordinaries index was up by a similar margin to 7,104.

Both indices are trading near an 11-month high, around where they were at the very early stages of the coronavirus sell-off.

Some of the best performing stocks are Fortescue Metals (+2.6pc), Zip Co (+2.1pc), Treasury Wine Estates (+1.4pc) and IDP Education (+1.9pc).

On the flip side, shares in Pro Medicus (+2.8pc), Ampol (-2.5pc), Flight Centre (-2.4pc) and CIMIC Group (-1.9pc) experienced heavy falls.

The Australian market’s early gains come after a mixed performance on Wall Street last…