The Australian share market was superior at noon following gains in the Wall street and strong performances by the resources and banking sectors.
Elders Ltd (ELD)says it will sell its entire insurance business and place over 100 million of its shares to QBE Insurance Group Ltd for $315 million. Price range(35.5c to 39c)
Asian stock markets were higher, buoyed by Wall Street's gains. Japan exporters were gaining ground as the U.S. dollar maintained its recent gains against the yen and electronics companies were getting an additional boost from Sony's better-than-expected first quarter results.
Analysts are saying that the longer-term outlook aside, the economic recovery looks like it will remain firmly intact for now with fundamentals supporting share prices.
