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Trading Day: S&P/ASX 200 jumps on US stimulus expectations
The local sharemarket erased most of a spectacular 1.75 per cent early gain on Monday, ending the day just 29 points higher.
The local sharemarket erased most of a spectacular 1.75 per cent early gain on Monday, ending the day just 29 points higher.
Speculation about the fate of Sanjeev Gupta's steel interests continues as Greensill Capital appears to near collapse. IG markets said the day's trading had been influenced by "a funny mixture of cyclicals and defensives". The Australian dollar is down slightly against the greenback, trading at around US77.06c.
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