The share market has closed higher, with miners among the top gainers.
The All Ordinaries ended up two-thirds of a per cent at 4,535 while the ASX 200 added 31 points to 4,517.
With the US stock market closed for a second day in the wake of superstorm Sandy, investors took the cue from European equities which were higher on a slew of shareholder-friendly corporate news.
The banks made solid gains, all except NAB which lost a third of a per cent after revealing a sharp slide in full-year profit.
Net profit was down by nearly 22 per cent to $4.1 billion because of rising bad debts and mounting losses in its troubled UK business.
Its Australian business however saw earnings rise around 10 per cent.
Rivals Commonwealth and Westpac put on around two-thirds of a per cent.
A rebound in copper prices boosted miners; BHP Billiton added 0.8 per cent, while Rio Tinto saw a much smaller gain up just eight cents.
Also among miners, Arrium the steel maker and miner formerly known as OneSteel, rejected a second takeover offer from an Asian consortium.
The renewed offer was for 88 cents per share, valuing it at more than $1 billion, which the Arrium board said undervalued the future of the company.
It was higher than the first offer of 75 cents a share that Arrium rejected in early October.
Shares dropped almost 2 per cent when they were brought out of their trading halt, closing at 78.5 cents.
US markets are set to reopen overnight, just in time for traders to close out their positions for the end of the month.
The fact that it is also the end of the corporate earnings reporting season and the end of the fiscal year for certain funds will keep trade volatile.
About 5:30pm (AEDT) the Australian dollar was up around half a cent from Tuesday, buying 103.7 US cents.
On the cross rates it was buying 80 euro cents, 64.5 British pence and 82.5 Japanese yen.
The lack of appetite for trade on commodity markets continued; West Texas crude was unchanged from Monday at $US85.5 a barrel, Tapis was also unchanged at $US113.5, while spot gold was up slightly to $US1,712 an ounce.