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AAP
AAP
Business
Derek Rose

Australian shares continue streak as US inflation eases

United States Fortescue Rio Tinto ANZ NAB Oil
Oil producers, insurance companies and goldminers all fell, while banks and iron ore miners gained. (Steven Saphore/AAP PHOTOS)

The local share market has risen for a fourth straight day as US inflation moderated ahead of the Federal Reserve's last meeting of the year

The benchmark S&P/ASX200 index on Wednesday finished up 22.5 points, or 0.31 per cent, to a fresh three-month high of 7,257.8, while the broader All Ordinaries gained 22.7 points, or 0.3 per cent, to 7,469.1.

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