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Australia shares rise 1.9 pct; banks, miners lead

6/11/2009 4:20:12 PM

(Updates with closing levels)

MELBOURNE, Nov 6 (Reuters) - Australian stocks advanced 1.1 percent on Friday, boosted by an upgrade to growth forecasts by the central bank and better economic news that sparked a rally on Wall Street.

The benchmark S&P/ASX index <.AXJO> rose 86 points to 4,594.0. For the week, the index was down 1.1 percent.

New Zealand's benchmark NZX 50 index <.NZ50> rose 0.5 percent to 3,160.1. (Reporting by Victoria Thieberger; editing by Jonathan Standing)

© 2008 Thomson Reuters. All rights reserved.Click for Restrictions

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