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APR 02, 2013 - MarketWatch

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Australia stocks rise, with banks strong

LOS ANGELES (MarketWatch) -- Australian stocks moved higher in early Wednesday action, with the S&P/ASX 200 climbing 0.4% to 5,004.70, helped by strength in banks. After overnight gains for U.S. financial shares and news that Cyprus would get an extension to meet reforms for its bailout, Westpac Banking Corp. rose 1.1%, Macquarie Group Ltd. added 1.2% and National Australia Bank Ltd. rose 0.8%. However, Australia & New Zealand Banking Group lost 0.1% after news the head of its international unit would depart. Oil futures fell in electronic trade on data showing unexpectedly high ... Read More

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