The Australian share market is rising modestly with mining firms among those trading higher.
The All Ordinaries Index was 9 points higher, or just under 0.2% at 5,634 and the ASX 200 was also up 9 points at 5,635.
Iron ore miners were generally higher as the key Chinese spot price for the commodity edged up off a two year low of USD 87.30 to USD 87.90.
Rio Tinto had gained 0.75%, BHP Billiton was up 0.4% but Fortescue Metals Group had fallen 1.2% as it went ex dividend. Trade was flat for the finance sector.
ANZ had risen 0.1% but the Commonwealth was down by the same amount. The airlines were giving back some of their gains from last week. Qantas had fallen 1.7% and Virgin Australia 1.2%.
Source – ABC
Zhejiang Yaang Pipe Industry Co., Limited (www.nctv.net)