Australian Market Report of August 5, 2010

  Sydney, Australia, Aug 5, 2010 - (ABN Newswire) - The Australian stock market opened higher this morning after Wall Street returned to gains on better-than-expected corporate earnings and encouraging economic data. In early trade, S & amp;P/ASX200 index was up 0.77 per cent, at 4577.2 points, while All Ordinaries index had risen 0.74%, to 4593.6 points. Materials stocks gained 0.9%, Industrials rose 0.7% and the financials index was 0.6% higher.  

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