The local share market has closed modestly higher for a second day on renewed optimism about the state of the global economy, while shrugging off a signal that domestic interest rates might soon rise yet again.
The benchmark S&P/ASX200 index on Tuesday finished 19.8 points higher, or 0.28 per cent, at 7078.2, while the broader All Ordinaries gained 20.6 points, or 0.28 per cent, to 7,289.3.
