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Australia: Commodities lead, driven by China plan

Posted on 10 November 2008

From Theage.com.au: The Australian share market was stronger at noon, up more than two per cent, driven by China’s massive economic stimulus plan, which has boosted appetite among local investors for commodity based stocks.

Also, the Reserve Bank of Australia has indicated there is more work to be done in cutting interest rates as it tries to strike the balance between stemming slower economic growth and curbing inflation….. Full Article: Source


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VRS - who has written 41708 posts on Opalesque Commodities Briefing.


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