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JUL 21, 2013 - MarketWatch

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Australia stocks higher as banks, miners advance

LOS ANGELES (MarketWatch) -- Australian stocks climbed Monday, with the week starting with strength among financial issues and some mining shares on price gains for metals. The S&P/ASX 200 rose 0.8% to 5,013.60, with Newcrest Mining Ltd. up 5% as gold prices reached a one-month high. Banking stocks were up ahead of consumer inflation data due Wednesday that could help lead to an interest-rate cut by the Reserve Bank of Australia. Shares of Westpac Banking Corp. rose 1.1%, Macquarie Group Ltd. jumped 2.8% and Commonwealth Bank of Australia picked up 0.7%. Market Pulse Stories are ... Read More

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