Australian Market Report of December 4: Rescue Takes Time to Work

  Sydney, Australia, Dec 4, 2008 - (ABN Newswire) - Overnight the US stocks dropped in early session on the weak economic data and turned higher after the news that US government has another plan in the works to bring down mortgage rates.On Wednesday, the Australian stock market closed marginally higher as figures showed that economic growth slowed to a crawl in the September quarter. The benchmark S & amp;P/ASX200 index rose 5.6 points, or 0.  

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