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by Chris Becker
The only thing holding up the rotten corpse that is the Australian stock market is the financials sector, which in and of itself is a bunch of zombies, supported by the RBA keeping rates lower for longer and the federal government balance sheet.
This morning’s bounce on the ASX200, now up nearly 3%, is being pushed predominately by the financial sector, with Westpac (WBC) up nearly 5%!
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