Australian Stocks On Wednesday

A late rally in the aftermath of the budget and it was a very solid performance spurred on by gains in BHP Billiton Limited (A$38.30, +0.9%), Telstra Corporation Limited (A$5.28, +0.6%) and the mighty Commonwealth Bank of Australia (A$80.89, +1.2%) which looks on track to make a profit of $9bn this year and pushed to an all-time high.

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Australian Stocks On Monday

A quiet start to a busy week with FOMC and Bank results to come, starting Thursday. The market shrugged off the negative overseas leads as talk was all banks and how much they are going to reward shareholders. Disappointment looms I suspect, but the market is getting frothed at the mouth in anticipation of more records falling, so who am I to question it.

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