Australian Sharemarket Records Best Day

The Australian stock market has recorded its best day's gain in two years as a result of a resurgence in investors' confidence in both banking and resource stocks.

There is an expectation that the economy might slow over the coming year, but that the strength of these two sectors will deliver good returns.

The two year spike was also on the back of a bullish few days on the NYSE.

Banks and resources are being seen by analysts as ones that will improve over the year.

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David
editor@agarcarlyon.com