Australian Market Report of August 10: Signs of Long-term Recovery

  Sydney, Australia, Aug 10, 2009 - (ABN Newswire) - An encouraging employment report sent the US stocks to a more than nine months high on Friday. The Labor Department released a report that the country's unemployment rate unexpectedly dropped to 9.4 per cent, its first decline in 15 months. The Australian share market closed lower on Friday ahead of the release of US labour market data. The benchmark S & amp;P/ASX 200 index fell 26.9 points, or 0.  

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