Australian Market Report of December 16: Up in Quiet Trade

  Sydney, Australia, Dec 16, 2009 - (ABN Newswire) - The Australian sharemarket Tuesday closed higher in a quiet trading day as Dubai debt fears eased. The local market was also inspired by an earlier report about energy giant Exxon's US & #36;30 billion takeover bid of XTO and the forecasts by the Australian government commodity forecaster ABARE for iron ore and coking coal exports. At the close, the benchmark S & amp;P/ASX200 index rose 19.  

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