Australian Market Report of July 13: Recovery Remains Distant

  Sydney, Australia, July 13, 2009 - (ABN Newswire) - US stocks finished mixed on Friday, as investors believed that recovery from the global recession remains distant. Friday's economic data showed that consumer confidence dropped in the middle of July due to worries about jobs. Earnings reports so far show that companies are still using cost cuts to bolster their profits and are yet to see sales rebound.  

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