And, Reserve Bank of Australia governor Glenn Stevens is at the Lowy Institute to launch The G20 and the Future of worldwide Economic Governance, a new book from the Lowy Institute for global Policy and NewSouth Publishing.
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The Reserve Bank of Australia on Tuesday left the interest rates on hold at the record low of two per cent. Stocks on Wall Street reversed their early gains after Federal Reserve chair Janet Yellen stated that an interest rate hike in December was looking like a “live possibility”.
The broader All Ordinaries index was up 68.1 points, or 1.29 per cent, at 5,359.3 points.
The Australian dollar weakened against the United States currency, which rose after Ms Yellen’s hints, tracking down to the mid-US71c level this morning. In early trades, the local unit was trading at US$0.7149, down from US$0.7208 on Wednesday.
The Australian share market has opened more than one per cent higher, boosted by positive leads from markets overseas and a positive outlook for the Australian economy.
In the mining sector, BHP Billiton (BHP) is losing 1.5 percent and Rio Tinto (RIO) is lower by 1.1 percent, while Fortescue Metals is up 0.7 percent.
Among oil stocks, Santos is adding 0.2 percent and Woodside Petroleum is up 0.7 percent, while Oil Search is losing 1.5 percent.
Wall Street closed lower yesterday: The Dow Jones Industrial Average lost 0.3 per cent to close at 17,868, the S&P 500 slipped 0.4 per cent to close at 2,102 and the NASDAQ lost 0.05 per cent to close at 5,142.
In consumer staples, Woolworths had lost 0.62 per cent to $23.85 while Wesfarmers retreated 0.66 per cent to $39.04.
In the banking space, ANZ Banking is down 0.6 percent and Westpac (WBK) is declining 1.4 percent.
In Australia, the market on Wednesday closed slightly higher, buoyed by the big miners.
The benchmark S&P/ASX200 index was up 73.4 points, or 1.4 per cent, at 5,239.2.
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Spot iron ore firmed 0.1 per cent to $US49.18 a tonne and Dalian iron ore futures were down 0.3 per cent today.
