The Australian share market was 25 point higher at noon, even though concerns about poorer commodity prices overnight.
Australian building approvals rose 9.3 per cent to 11,086 units in June, seasonally adjusted, from an upwardly revised 10,144 units in May, the Australian Bureau of Statistics (ABS) said on Thursday.
The market forecast was for building approvals to have recorded a rise of eight per cent in June.
The four major banks were higher at noon. CBA +106c at $40.96 NAB +48c at $23.38 ANZ +38c at $17.50 WBC +45c at $2126
In US, the S&P 500 could drop back towards 950 or 955 level before resuming its advance to over 1,000.(IMO)
At the moment US future is +24
Looks like FAR is finally moving in the right direction and I am very sorry for GLN holders.
