Australian Stock Market Report – Afternoon 2/5/2013

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A A A

Afternoon Market Report
(17:00 AEDT)

The last 24 hours has provided some perspective for global stock indices which have rallied substantially since the end of last year. Corruption allegations levelled at the Spanish Prime Minister Rajoy roiled European markets. Additionally, Italy's former Prime Minister Berlusconi has gained ground in the polls ahead of elections this month. Mr Berlusconi has been campaigning a platform of rolling back current austerity policies.

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