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Australian Market Report of November 24: Solid Gains in Overseas Markets

🕔11/24/2009 1:00:00 PM 16482

US stocks posted a strong gain overnight boosted by better-than-expected home sales. Existing-home sales increased by 10.1 per cent to a 6.1 million annual rate, from 5.54 million in September, the National Association of Realtors said. The US dollar was weaker on Monday on expectations that the interest rate would remain at near zero.

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