Australian Market Report of August 5: Correction Time Ahead

  Sydney, Australia, Aug 5, 2009 - (ABN Newswire) - US stocks traded slightly higher overnight with more buying in financials. Analysts expect there would be a short-term correction after the rally as investors lock in gains from a strong three-week rally. The Australian shares yesterday rose on the positive lead in Wall Street and higher commodities prices. The recent strong market performance has increased investors' appetite for risk.  

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