Australian Market Report of April 16: Signs of Stability in the US

  Sydney, Australia, Apr 16, 2009 - (ABN Newswire) - Overnight Wall Street closed firmer as the US Federal Reserve's Beige Book report said activity in some sectors was stabilizing at a low level, although in general the recession deepened through early April. The report raised investor's optimism that economy recovery is on the way.  

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