The Australian sharemarket is up a touch, with the All Ordinaries index (XAO) up 0.5 pct or 20.3 pts to 4227.1 with most sectors edging higher at lunch. This is the third time this week that the market is improving, however is still down around 1 pct over the past five days. Investors are hesitating to over commit themselves to shares ahead of the European Union's Summit this weekend.