The Australian share market has traded higher despite insurance company stocks falling amid fires. -AAP Image
The local share market has hit its highest level since Christmas Eve following the release of US jobs data that suggested the world's largest economy is overall in good shape.
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The benchmark S&P/ASX200 index on Monday finished up 41.5 points, or 0.48 per cent, to 8,759.4, while the broader All Ordinaries rose 46.8 points, or 0.52 per cent, to 9,092.7.
The Australian dollar was trading for 66.98 US cents, from 66.95 US cents at 5pm on Friday.
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