The Australian share market opened slightly higher, with broad-based gains against a positive international backdrop of growth.

At the open (AEDT), the benchmark S&P/ASX200 index gained 40.8 points, or 0.97 per cent, at 4,245.1 and the broader All Ordinaries index rose 40.1 points, or 0.94 per cent, to 4,306.5.
UBS executive director of institutional sales Rob Taubman said the rise came on the heels of a tranche of positive economic news from Europe and the US overnight.