The Australian share market has open higher, after gains on international markets overnight.
At 10:15am AEDT, the All Ordinaries Index was up 10.1 points to 4,840 and the ASX 200 was 9.94 points higher at 4,829.9.
Shares in the United States closed moderately higher, with stocks in bailed-out financial companies popular among investors, who are hoping the sector is on the verge of a solid rally.
In official economic news, the US posted its largest budget deficit on record in February, as the government increased spending to help boost the economy.
The deficit came in at $US221 billion last month, compared with a deficit of $US194 billion in February last year.
The Dow Jones Industrial Average in New York gained 2.95 points to close at 10,567.33.
The S&P 500 closed 5.16 points higher at 1,145.61 and the Nasdaq Composite Index gained 18.27 points to 2,358.95.
Shares in Britain advanced 0.68 per cent, taking the market to a 20-month high.
Copper prices rose after figures from China showed the country’s exports and imports grew faster than expected in February.
British Airways gained more than 3.5 per cent, after it joined American Airlines and the Spanish carrier, Iberia in offering to give up a number of lucrative trans-Atlantic routes, to try to gain EU anti-trust immunity for their alliance.
By the close, London’s FTSE 100 was up 38.27 points to 5,640.57.
The Australian dollar has remained relatively steady from yesterday’s close and at 10.15am AEDT, it was worth 91.55 US cents.
On the cross rates it was at 67.05 euro cents; 82.88 Japanese yen; 61.12 pence Sterling; and $NZ1.30.
Spot gold had eased to $US1,107.45 an ounce.
West Texas Crude was worth $US82.06 per barrel.
The price of a barrel of Tapis crude had edged up to $US83.30.