Australian Market Report of July 2: Encouraging US Data

  Sydney, Australia, July 2, 2009 - (ABN Newswire) - Wall Street overnight rose on an encouraging report showing signs of improvement in the US manufacturing sector in June, despite another survey indicated the labour market is still weak. The purchasing managers (PMI) index increased to 44.8 per cent from 42.8 per cent in May, suggesting that the worst of the manufacturing contraction has passed.  

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