Australian Market Report of June 30: Trade Remains Directionless

  Sydney, Australia, June 30, 2009 - (ABN Newswire) - US stocks surged overnight as higher oil prices lifted energy stocks. Car manufacturer Ford also delivered positive sales news which helped to improve the market sentiment. Investors are expecting the economy data to be unveiled this week would show some renewed signs of recovery. The Australian shares fell in late trading on Monday, pulled by energy sector. The benchmark S & amp;P/ASX200 lost 16.  

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