Australian Market Report of June 3: In Recovery Mood

  Sydney, Australia, June 3, 2009 - (ABN Newswire) - Wall Street stocks rose on Tuesday as a better-than-expected report on pending home sales. A rise in index of pending sales of previously owned US homes in April suggested that the recession is easing. Yesterday the Australian share market was bolstered by favorable local and overseas economic data. The benchmark S & amp;P/ASX200 index gained 60.9 points, or 1.56 per cent, to 3955.  

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