Australian Market Report of October 9: Upbeat US Job Data and Consumer Spending

  Sydney, Australia, Oct 9, 2009 - (ABN Newswire) - Overnight the US stocks closed higher on the positive Alcoa earnings and better-than-expected weekly jobless claims and consumer spending. Investors were also encouraged by the US retailers' first same-store sales gains in more than a year.Yesterday the encouraging job data pushed the local market to its highest in a year. The benchmark S & amp;P/ASX200 index was 1.6 per cent higher, or 72.  

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