Australian Market Report of June 1: Stronger Confidence on More Signs of Recovery

  Sydney, Australia, June 1, 2009 - (ABN Newswire) - US stocks rallied on Friday on the belief that the market is becoming more stable. Investors decided to return to the market as rallies in Asia and new economic data fuelled their confidence on economy recovery. Raw material stocks posted a strong surge, driven by a weaker US dollar.The Australian share market ended higher on Friday, led by banking stocks.  

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