Australian Stock Market Report – Afternoon 3-25-13


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(5.30pm AEDT)

The tiny island nation of Cyprus appears to have secured a bailout, reaching a deal with its international creditors. It means Cyprus won't have to leave the Eurozone which has alleviated some contagion fears. As part of the deal, - Cyprus's second largest bank will be closed and the government will receive €10 billion in financing from the Eurozone. Today's breakthrough saw the Euro rise, along with Asian markets today.

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