Aust shares open higher

The Australian share market has jumped at the open as trading restarts after Christmas with broad gains across most sectors fuelled by gains in iron ore and oil prices.

At 1010 AEDT the benchmark ASX/S&P200 was up 41.1 points, or 0.73 per cent, at 5,669.0 points, while the broader All Ordinaries index was 39.6 points, or 0.7 per cent, higher at 5,714.7.

In futures trading the March SPI200 futures contract was up 30 points at 5,629 points with 1,361 contracts traded.

The Australian dollar is trading near a seven-month low against the US dollar amid concerns over Chinese growth, but it's slowly making a comeback.

The local currency is trading at 71.87 US cents at 1015 AEDT, down from 72.07 US cents on Friday.

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