Australian Market Report of May 27: Gains on US Consumer Confidence Data

  Sydney, Australia, May 27, 2009 - (ABN Newswire) - Wall Street closed more than 2 per cent firmer Tuesday on a surprisingly strong US consumer confidence data. Consumer confidence rose to 54.9 in May from 40.8 in April, higher than the analysts' expectations of 42.6.Australian shares market yesterday was buoyed by the news Rio Tinto reached a better than expected iron ore price agreement with Japan's Nippon Steel.  

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