Australian Market Report of December 3: A Day with Good News

  Sydney, Australia, Dec 3, 2008 - (ABN Newswire) - Overnight the US stocks rebounded on some good news, as the General Electric posted a better than expected update and investors hoped for government's bailout for the carmakers.Yesterday the Australia market closed lower dragged by resource sector although the central bank's aggressive rate cut of 100 basis points lifted some sentiment in late trading.  

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