Australian shares close higher on global stimulus hopes [Reuters]
CSL LTD SP/ADR (CSLLY)
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Source: Reuters
Australian shares close higher on global stimulus hopes (Updates to close) By Soumyajit Saha April 27 (Reuters) - Australian shares jumped on Monday, in line with global peers, as the Bank of Japan (BOJ) kicked off a week packed with major central bank meetings with a fresh round of stimulus to arrest the coronavirus outbreak’s economic impact. The S&P/ASX 200 index ended 1.5% higher at 5,321.4, with gains being broad based. The benchmark rose 0.5% on Friday. The BOJ on Monday pledged to buy unlimited amounts of government bonds to support the Japanese economy. The action by Japan’s central bank boosted hopes that other central banks will also deliver further policy support, said Michael McCarthy, chief market strategist at CMC Markets. The U.S. Federal Reserve and the European Central Bank meet later in the week, with the latter likely to do more bond buying. Domestic measures against the pandemic also helped lift sentiment, McCarthy said. Australia, one of the most successful countr
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