Australian Market Report of December 8: On Hope of US Trillion Dollar Rescue

  Sydney, Australia, Dec 8, 2008 - (ABN Newswire) - US stocks roared back from steep losses on Friday after Labor Department reported the US economy lost a shocking 533,000 jobs in November and the unemployment rate jumped to 6.7%, and the market speculated the government will step up measures to curb the recession. Overnight Barack Obama announced the first details of a stimulus package that could ultimately exceed & #36;US1 trillion.  

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