Commonwealth Bank of Australia

The Australian share market closed higher on Tuesday. The benchmark S&P/ASX200 index rose 27.5 points to 5053.6, while the broader All Ordinaries rose 21 points to 5090.3.

The Australian share market closed in the black again yesterday, driven by a stronger financial sector, but weaker resource stocks capped the gains. The benchmark S&P/ASX200 index was up 38.8 points or 0.76% to 5144.1, while the broader All Ordinaries gained 26.8 points or 0.52%, to 5188.4.

Wall Street closed sharply higher overnight as another drop in oil prices improved investor sentiment. Wall Street staged a late rally after a mixed session, as a drop in oil prices helped to offset disappointing earnings reports from the likes of Apple and American Express. American Express reported second quarter earnings were below estimates and withdrew its full year earnings forecast.

Last night Wall Street led on easing concerns about a credit crisis, but gains are likely to be tempered by declines in mining and oil companies after oil, gold and base metals prices fell.

Commonwealth Bank Of Australia. Commonwealth Bank's Currency Insight - Besa Deda, Currency Strategist; Commonwealth Bank Of Australia. (ASX: CBA) present the following audio webcast regarding "". You may also download this audio webcast to your computer or portable audio player.

SAI Global Limited (ASX: SAI) has joined a high level trade and investment delegation to Indonesia in a bid to help drive reform in the country's service sector. The Federal government backed delegation of 35 Chief Executives Officers from leading Australian companies was the largest official group to visit Indonesia since the 1997 financial crisis.

Commonwealth Bank Of Australia.

Commonwealth Bank Of Australia.