Australian Market Report of January 7: Optimism over Iron Ore Prices

  Sydney, Australia, Jan 7, 2010 - (ABN Newswire) - Australian stocks ended flat on Wednesday as shares gave up early gains in the afternoon dragged by banks. Miners advanced as investors were optimistic about the iron ore prices. At the close, the benchmark S & amp;P/ASX200 index was up 1.6 points at 4925.9 points, while the broader All Ordinaries index lifted 7.7 points, or 0.15 per cent, to 4947.2 points.  

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