Australian Market Report of May 7: Eyes on Stress Test of the US Banks

  Sydney, Australia, May 7, 2009 - (ABN Newswire) - Wall Street surged Wednesday with rise in banks subject to the stress test. A better-than-expected report on job losses in US private sector also boosted the market sentiment.Yesterday Australian shares closed lower on concern about the health of US banks. The benchmark the S & amp;P/ASX200 index fell 0.6%, or 23.3 points, at 3867.1, while the broader All Ordinaries index was down 0.6%, or 22.  

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