Australian Market Report of December 2: Turn to Riskier Assets

  Sydney, Australia, Dec 2, 2009 - (ABN Newswire) - US stocks Wednesday climbed to near the peak of the year after Dubai's debt restructuring plan. The market was also supported by the optimism about the upcoming holiday shopping season while retailers Staples and Guess saw positive earnings in third quarter and provided guidance above market expectations. The Australian sharemarket has opened higher after the rises in global share markets.  

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