Australian Market Report of June 2, 2010: CGA (ASX:CGX) to Spin Off Africa Projects for IPO

  Sydney, Australia, June 2, 2010 - (ABN Newswire) - The Australian shares Wednesday continued to decline in early trade, led by financial stocks. Overnight Wall Street closed lower in a choppy trade as investors wobbled on Europe's debt issues despite the upbeat US economic data. Meanwhile, declines energy sector weighed on US stocks, after the US government said it was starting civil and criminal investigations on the Gulf of Mexico oil spill.  

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