3:58pm: It has been a very positive day for the ASX 200, but there is still some short selling in miners, IG's Stan Shamu notes: Once more BHP is under pressure from the shorters; iron ore slipped again overnight to $US113 a tonne, but there is a clear battle going on with the stock heading into the end of financial year. The banks and defensives are the ones snapping back as yield and bargain hunters jump in on optimism the election could be earlier than expected and the current government will engage more with business. CBA, ANZ and Westpac are all over 2% firmer. Upvotes:0 Downvotes:0 Copy Link 3:48pm: Financial markets hope Kevin Rudd's new (and old) frontbench will soon give an...
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