Australian Market Report of July 31: To Extend Solid Gains

  Sydney, Australia, July 31, 2009 - (ABN Newswire) - US stocks broadly surged on Thursday fueled by the better-than-expected earnings reports. The market's rally pushed the major indexes to their highest closes of the year. Australian market posted solid gains yesterday led by banks. At the close, the benchmark S & amp;P/ASX200 index rose 47.6 points, or 1.2 per cent, at 4190.4, while the broader All Ordinaries index added 47 points, or 1.  

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