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Australian shares rise as Wall Street rebounds on trillion-dollar stimulus bets – ABC News
Australian shares rise as the Democrats’ nominee for Treasury Secretary, Janet Yellen, calls for the US Government to “act big” and pump a lot more cash into the…
Australian shares have risen after Wall Street rebounded from a rough week on hopes the incoming Biden administration will pass its proposed $US1.9 trillion stimulus package.
The benchmark ASX 200 index gained 0.4 per cent, or 27 points, to 6,770 points, while the All Ordinaries rose by half a per cent, to 7,051.
By 4:25pm (AEDT), the Australian dollar had rise 0.4 per cent against the greenback, to 77.23 US cents.
Some of the best performers were healthcare company PolyNovo (+7.3pc), along with…
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