The Australian sharemarket index roared past the 5000 mark for the first time in three years yesterday as consumer confidence soared and Australia's blue-chip companies' half-year results beat investor expectations.
Consumer confidence hit its highest level since Christmas 2010 as rising local and international equity markets set a bullish tone.
Source:
http://www.theaustralian.com.au/business/markets/market-tops-5000-mark-as-consumer-confidence-soars/story-e6frg916-1226577435930
