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Markets Live: Back from the brink

2014-10-13 07:19:29| Agriculture - Topix.net

Shares retreat from the brink of correction, as banks pare losses and miners record gains, but Wesfarmers and Aurizon slump on coal tariff fears, while the dollar jumps back above 87 US cents on strong Chinese trade data. The federal government has picked a timely moment to offer its longest-ever bond, with risk-averse investors flocking to sovereign debt and pushing the benchmark yield to the lowest level in 16 months.

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