Australian Market Report of June 11: Concern on Rising Oil Prices

  Sydney, Australia, June 11, 2009 - (ABN Newswire) - Wall Street ended slightly lower as investors worried the strong commodities prices and rising interest rates could slow the economy recovery. Oil prices reached eight-month highs at above US & #36;71 a barrel in New York.The Australian shares Wednesday posted a strong gain boosted by miners and banks. The upbeat data on consumer confidence and housing finance also helped to lift the local market.  

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