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The Australian share market has followed after a major stock exchange is higher on the back of a trillion euro stimulus1 package. The European Central Bank announced a 1.1 trillion scheme that will go through until at least September next year. From March, the bank is going to buy bonds worth up to 60 billion euros a month. This has fueled hopes the stimulus will aide Australian economic growth and that saw the All Ords closed up 78 points or 1.4%. The ASX 200 added 1.5%. Checking elsewhere in the region, Japan’s Nikkei is up 159 points. The Hang Seng also making steady gains. On Wall Street, the Dow Jones industrial average added 1.5% finishing 17814. And the Australian dollar is currently back below 80 US cents, fetching 79.8 US cents. This comes after a briefly2 dip below 80 US cents overnight after the euro zone stimulus announcements. And this is the first time in nearly six years that it’s been this low.
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