THE Australian sharemarket was rose strongly in early trading and the local currency was firm above US84 cents, tracking a rally on Wall Street
The local share market opened higher after Wall Street posted its third-largest gain of 2010 as better than expected home sales figures boosted optimism towards the US economy.
The rise came on an increase in pending home sales, a rebound in energy companies and another month of growth in US car sales.
The Dow gained 2.25 per cent to 10,249.54 points. The S&P 500 index rose 2.58 per cent and the Nasdaq Composite index climbed 2.64 per cent.
On the local market, all sectors opened higher today.
