Market Update: A rebound in the U.S
Market Update: A rebound in the U.S. and European equity markets overnight contributed to the rise in the S&P/ASX200 to be up 0.8% to 5,215 points. Elsewhere, Turkish central bank raised the one-week repurchase rate from 4.5% to 10%. A majority of the sectors rebounded. BHP rose 1.1% while RIO climbed 1.9%. Atlas Iron jumped 7.9% on record production and improved outlook. All the major banks were between 0.6% to 0.7% higher. The AUD moved higher with the market to be currently trading at US$0.8804. The SPI was up 0.7% at 5,167 points on the Sydney Futures Exchange.
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