Australian stock market outlook Tuesday august 16 2011

Indonesia stock info - Australian stock market outlook Tuesday august 16 2011 ; The Australian stock market looks set to climb higher on Tuesday following rises on Monday and after US and European stocks firmed overnight.

At 0707 AEST on the ASX 24, the September share price index futures contract was up 25 points, at 4,295.

In economics news, the Reserve releases the minutes of its August board meeting.Bank of Australia (RBA)

In equities, James Hardie Industries posts 1st quarter results, Westpac posts 3rd quarter results, while Tabcorp, OneSteel and ECHO Entertainment post full year trading update.

In Australia on Monday, shares closed sharply higher, extending earlier gains in the day, led by bargain hunters on the back of positive company results.

The benchmark S&P/ASX200 index was up 110.3 points, or 2.64 per cent, at 4,282.9, while the broader All Ordinaries index was up 108.9 points, or 2.57 per cent, at 4,3426.8.

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