Australian Market Report of March 9: Following Small Gains on Wall Street

  Sydney, Australia, Mar 9, 2009 - (ABN Newswire) - US stocks Friday closed modestly higher despite the Labor Department said the unemployment rate jumped to 8.1 per cent, as investors had expected some worse figures.Australian shares closed lower on Friday. The Australian market sunk further into the red and languished in negative territory amidst gloomy economic news from here and overseas, according to CMC Markets.  

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