Australian Market Slightly Higher
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The Australian stock market is slightly higher in choppy trading on Monday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 just above the 7,400 level, following the mixed cues from Wall Street on Friday, boosted by gains in energy stocks amid a spike in crude oil prices. Materials and gold mining stocks were weak on a slump in iron ore and gold prices.
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