Australian Market Report of May 4, 2010: Coalworks (ASX:CWK) Signs Farm In Agreement with Itochu (TYO:8001)

  Sydney, Australia, May 4, 2010 - (ABN Newswire) - The Australian market opened modestly higher today ahead of the Reserve Bank of Australia's interest rate decision. Material and mining shares continued their losing streak in early trade due to the mining tax concerns. But Wall Street's solid gains overnight helped to support the Australian shares with improving US economic data.  

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