Australian Market Report of July 20: Helped by Wall Street Rallies

  Sydney, Australia, July 20, 2009 - (ABN Newswire) - Wall Street closed higher on Friday as IBM boosted its profit outlook for the year. This was its best week in four months with the major US indices gained 7%. The Australian shares ended slightly lower after rise in early trade. The benchmark S & amp;P/ASX 200 index was down 5.2 points, or 0.1 per cent, at 4000.8 while the broader All Ordinaries lost 5.1 points, or 0.1 per cent, at 3992.9 points.  

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