Australia Market closes in positive territory

Australian share market advanced on Thursday, 17 March 2016, as FOMC pared outlook for rate hike this year and Australia's unemployment rate fell to 5.8%. The US Federal Reserve scaled back expectations for future rate rises this year, citing turbulence on global finance markets. At the close, the benchmark S&P/ASX200 index advanced 49.20 points, or 0.96%, at 5168.20, while the broader All Ordinaries index grew 50.70 points, or 0.98%, to 5226.40.

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