Shares jump on Eurozone deal

LOCAL shares have jumped sharply on news European leaders have reaffirmed a commitment to use rescue funds to reassure markets and restore stability.

Shortly before 1pm (AEST), the local market went from trading flat to suddenly being more than 1 per cent or 50 points higher.

About 1.45pm the All Ordinaries was up 1.4 per cent, with the ASX 200 up 59 points.

The Australia dollar has also risen on the news, jumping by around a cent to 101.4 US cents.

The rise came on news eurozone leaders had struck a deal which opens the door to the use of rescue funds to bring down borrowing costs of struggling nations.

Read more at ABC news online.



Gympie man, 23, 'supplied' his own ecstasy, High Court rules

premium_icon Gympie man, 23, 'supplied' his own ecstasy, High Court rules

The man will be sentenced in the District Court

Gympie's recycling puts $13,000 back in people's pocket

premium_icon Gympie's recycling puts $13,000 back in people's pocket

City's green streak shines through with container scheme.

New faces at Devils as club expands for 2019

New faces at Devils as club expands for 2019

Pre-season training to start next week.

Local Partners