The Australian sharemarket continued on its strong run, rising for the third straight session and for the 12th time in 14 trading days. Local equities are still at 18-month highs. Global market ended mixed overnight, with the Dow easing by 0.1 per cent, Germany's DAX edged higher by 0.3 per cent while France's CAC40 jumped by 0.6 per cent. The All Ordinaries Index (XAO) rose by 0.5 per cent or 23.9 pts to 4685.3.
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