General
Australian share market rallies after Wall Street comeback, US stimulus bill passes Senate
The Australian share market has risen sharply in early trade, after stocks on Wall Street made a comeback on Friday, and the $2.5 trillion US stimulus bill moved closer to becoming law.
By 10:30am AEDT, the benchmark ASX 200 index had gained 1.7 per cent to 6,824 points.
The Australian dollar was also higher, buying around 77.1 US cents.
All sectors of the local market were on the rise in early trade, led by education services and mining stocks.
The best performing stocks of the session so far were Silver Lake Resources (+6.4pc), Ramelius Resources (+5.5pc) and Treasury Wine Estates (+5.4pc).
On the flipside, the worst performers were Smartgroup (-4.9pc), Santos (-2.5pc) and Virgin Money UK (-1.5pc).
Santos shares fell after the company’s…
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