Australia market climbs to seven-year peak

The Australian share market advanced for eleventh consecutive session, closing at highest level since May 2008 on Thursday, 05 February 2015. The investment sentiments underpinned amid optimism from China's latest move to boost its economy and expectation the Reserve Bank of Australia to continue cutting interest rates in the first half of 2015. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each gained by 0.6% to 5811 and 5765.50, respectively. Since the start of the rally on January 21, the ASX200 index has surged 9.5% higher.

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