Australian Market Report of November 26: Supported by Upbeat US Data

  Sydney, Australia, Nov 26, 2009 - (ABN Newswire) - Overnight US stocks ended at a fresh 13-month high ahead of the Thanksgiving holiday, helped by a series of upbeat economic data. A report showed initial claims for US jobless insurance benefits plunged to their lowest levels since September last year. US incomes rose 0.2 per cent and consumer spending jumped 0.7 per cent in October. New home sales rose 6.2 per cent unexpectedly.  

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