Australian Market Report of August 31: Upbeat Earnings and Outlooks

  Sydney, Australia, Aug 31, 2009 - (ABN Newswire) - US stocks were lower Friday over consumer data. Commerce Department said that consumer spending rose mildly in July, while personal income was unchanged. The downbeat data of US consumer sentiment also weighed on the market.The Australian market ended another strong week last Friday. The rise was largely helped by favourable corporate earnings and outlooks.  

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