Australian Market Report of May 15: Rebound on Recovery Hopes

  Sydney, Australia, May 15, 2009 - (ABN Newswire) - Wall Street rebounded overnight from the massive fall in previous trading session. The market shrugged off the news of a growing unemployment claims in Labour Department report as investors believed the job losses had hit their peak and looked towards an economic recovery.The Australian share market yesterday closed significantly lower as investors anticipated further drop in Europe and US.  

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