Credit: Shutterstock photoMID-SESSION REPORT
(12.10pm AEDT)
The Australian share market is trading higher at lunchtime, despite a negative start impacted by more falls on European and US share markets overnight.
Investors in the US and Europe sold out of stocks as Cyprus's president worked on a new plan to obtain a European bailout.
Financial stocks are driving the local gains, with Westpac ( WBC ) the strongest out of the big four banks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
