Australia shares end at 19-mth high; set for best year since 2009

Fri Dec 28, 2012 1:17am EST

(Adds investor comment)

MELBOURNE Dec 28 (Reuters) – Australian shares rode iron
ore stocks up to finish at a 19-month high on Friday, with a
recovery in battered mining shares helping drive the market to
its strongest annual gain since 2009.

The benchmark is on track to post gains of around 15 percent
for the year, its biggest rise since a 31 percent recovery in
2009 from the global financial crisis.

Analysts said the near-term direction for stocks hinged on
the U.S. budget talks which are due to resume on Sunday, amid
hopes the two sides could avert the ‘fiscal cliff’ that risks
tipping the U.S. economy back

Read full article: http://www.nytimes.com/2012/11/28/science/space/undisclosed-finding-by-mars-rover-fuels-intrigue.html

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Source:
http://www.news.ezonearticle.com/2012/12/28/australia-shares-end-at-19-mth-high-set-for-best-year-since-2009/