Stocks up as Berlusconi bows out

AUSSIE stocks climbed higher today on news China’s inflation rate eased in October while the European debt crisis has claimed another scalp, with Italian Prime Minister Silvio Berlusconi calling it quits.

The benchmark S&P/ASX 200 index finished 52.3 points higher at 4346.1, while the All Ordinaries added 49.5 points to 4406.2.