Shares open almost three per cent higher

Australian shares have gained almost three per cent, the biggest rise in eight weeks, after coordinated action by major central banks to lower borrowing costs sent equity prices surging around the world.

Read more: http://www.news.com.au/business/markets/markets-set-for-a-boost-on-overseas-leads/story-e6frfm30-1226210819428#ixzz1fEiaCE1s