Australia Market closes in green

Australian share market ended higher after recouping early losses on Friday, 06 May 2016, with sentiment fuelled by the prospect more rate cuts after the RBA downgraded its inflation forecasts. Most of the ASX sectors advanced with gains were led by bullion, IT, consumer staples, materials, and energy stocks. At close of trade, the benchmark S&P/ASX 200 rose 12.90 points, or 0.24%, to 5292. The broader All Ordinaries grew 14.10 points, or 0.26%, to 5358.60.

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