Australian Market Report of December 16: Mixed Leads from the US and Commodities

  Sydney, Australia, Dec 16, 2008 - (ABN Newswire) - US stocks fell overnight on the uncertainty of the US carmakers bailout and the lower US industrial production in November. Yesterday, the Australian market closed higher as the miners surged on rising commodities prices offsetting the slump dragged by Telstra after the government ruled out the company from the tender list for bidding on the national broadband network.  

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