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1.Market Observations

20 Jun 2014 (AFR) – Shares rally as Yellen hints at rates stability

(20 June 2014, AFR, p22, Sally Rose)

‘Australian shares posted their biggest daily jump in seven months amid a rally in global equities after the US Federal Reserve provided reassurance it plans to keep its monetary policy supportive for many months to come. The benchmark S&P/ASX 200 Index jumped 85.5 points, 1.6 per cent, on Thursday to 5468.2, while the broader All Ordinaries Index added 1.5 per cent to 5446.4, as the Australian market also…’

Read more at AFR.com (might need AFR login access)

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