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Optimism federal budget will stimulate economy push Aussie shares higher – NEWS.com.au
Optimism federal budget will stimulate economy push Aussie shares higher
The Australian share market soared higher as investors pinned their hopes on the stimulus effect of this weeks federal budget.The S&P/ASX200 finished 2.59 per cent higher at 5941.6 while the All Ordinaries Index jumped 2.54 per cent to 6135.1.
“The futures market was suggesting a gain of more than one per cent in opening trade – that’s been easily eclipsed,” CommSec analyst Tom Piotroswki said.
“This is clearly making up for the weaker result that we saw on Friday when the market fell by 1…
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