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Post by bot on Feb 4, 2013 11:02:59 GMT -5
Australian shares edge further toward 5,000 from MarketWatch.com - MarketPulse SYDNEY (MarketWatch) -- Australian stocks climbed on Monday, on track for a twelfth day of gains in thirteen sessions, with the benchmark index building on highs not seen since mid-April 2011. The S&P/ASX 200 index rose 0.6% to 4,948.70 on Monday, moving in on the 5,000 level, which the index hasn't traded at since April 2010. Monday saw investors take their first chance to react to last week's U.S. nonfarm payrolls data, which showed the U.S. economy added a modest number of jobs in January and more positions than previously thought in 2012. Energy and mining companies, which are exposed to the global economy, were leading the advance in Sydney, with AWE Ltd. up 3.5% and Rio Tinto Ltd. up 1.2%.
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