Australian Market Report of August 26, 2010: Peak Resources (ASX:PEK) Rare Earth Results Encouraging

  Sydney, Australia, Aug 26, 2010 - (ABN Newswire) - The Australian market opened firmer on Thursday as Wall Street ended its losing streak overnight. The broader All Ordinaries Index rose 0.57 per cent shortly after the opening bell. Consumer staples surged 2.4 per cent in early trade, led by Woolworths after the supermarkets group reported a 10 per cent rise in net profit for the FY10. Gold sector rose 1.  

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