Australian Market Report of December 12: Uncertainty over US Carmakers Rescue

  Sydney, Australia, Dec 12, 2008 - (ABN Newswire) - Overnight US stocks declined on a big rise in unemployment claims and a surprising jump in the US trade deficit. Investors also worried about the fate of a 15-billion-dollar rescue plan for the troubled US auto industry, which could face a roadblock in Senate.Yesterday the Australian shares ended lower as traders looked to make short-term gains, despite a positive start in the morning.  

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