The Australian market climbed higher on the back of good news from Wall Street.
The US Fed’s meeting minutes re-assured markets that interest rates will remain steady and that sent the S&P 500 index 1.75% to 1,968.890.
In Australia, the local market was at one stage up more than 1.5%, the sum of its falls this week, but eventually closed up 1.06%.
The banks returned strongly with Westpac up 1.83% to $32.87, the ANZ 1.21% to $32.54 and the Commonwealth 1.77% to $76.35.
The NAB was also up, despite alerting to market to more than $1 billion in writedowns and a fall in earnings, was up 1.21% to $32.54.
The S&P/ASX 200 closed up 1.06% or 55.43 points to 5,296.70.
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