Australian Market Report of August 12: Renewed Concerns over US Economy

  Sydney, Australia, Aug 12, 2009 - (ABN Newswire) - US stocks fell overnight ahead of the Federal Reserve's latest decision on monetary policy and guidance on the outlook for recovery from the recession. The market was also weighed down by the worries that the banking sector has yet to fundamentally improve.The Australian market yesterday shrugged off the poor lead from Wall Street and rebounded from a weak start.  

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