The Australian share market was almost one per cent higher at noon lead by strong commodity prices and US gains.
All Ordinaries rose 29 points, or 0.66 per cent, to 4609.
The ABS released data showing Australia had a trade deficit of $1.524 billion in August.
And the Australian Federal Chamber of Automotive Industries says vehicle sales rose 6.6 per cent in September from the month before.
Making headlines at midday: Provider of professional services to the resources and energy sectors WorleyParsons Ltd (WOR) has been awarded the contract to manage the prefeasibility study for Flinders Mines Ltd (ASX:FMS) Pilbara Iron Ore Project in Western Australia.
WorleyParsons is to begin site investigations during this quarter, with a completed prefeasibility study due for submission by the end of June next year. Flinders says the study will cover the entire ‘mine to ship’ aspects of the Pilbara Project. Shares in WorleyParsons gained 3.04 per cent to $29.16.
Majority of sectors are in positive territory at midday, however the sector with the biggest gain is the Real Estate Investment Trust index which gained 15 points to 929.
Shares in Stockland advanced 2.33 per cent to $3.96. Shares in Westfield Group and Mirvac Group are also higher at midday.
One of the only sectors in the red at midday is the Consumer Discretionary index, down half a point at 1,585. Gold is trading at $1016.35 US an ounce and the Aussie dollar is trading at 87.69 US cents.
Bought MQG yesterday at $52.05(1200) and sold at open today $53.65
BCC:Q at .05
7 October Australia AiG Performance of Construction Index, Sep Australia Housing Finance, Aug Australia investment lending, Aug China Markets Closed EU GDP, Q2 (revision) Japan leading economic index, Aug UK consumer confidence, Sep US 10-year Note Auction US Consumer Credit, Aug US federal budget, Sep
