The Australian share market made moderate gains in morning trade as property trusts strengthened and resources and financial stocks held their ground.
All Ordinaries had gained 25.4 points, or 0.54 per cent, to 4,769.4.
"The market has gone up five per cent in three sessions, so maybe people are a little cautious after a good run. There have been some quite significant moves - four and five per cent - across the property sector which is a welcome return... for them after a long period of under performance,"
The Westpac/Melbourne Institute’s index of consumer sentiment dropped 2.5% to a read of 118.3 in November. The result however was still 38.3% higher than a year ago.
majority of sectors are in positive territory at midday, however the sector with the biggest gain is the Real Estate Investment Trust index which is up 27 points to 896.
The only sector in the red at midday is the Industrials index, down 3 points at 3,912.
Gold is trading at US$1,107 an ounce and the Aussie dollar is trading at 93.1 US cents.
12 November Australia MI inflation expectations, Nov Australia unemployment data, Oct Australia Westpac-MI unemployment expectations, Nov EU ECB monthly report, Nov EU industrial production and capacity utilisation, Sep US 30-year bond auction US$16bn US budget statement
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