Disappointing trade balance data weigh on Australia shares

Australian share market finished lower for third consecutive session on Thursday, 05 June 2014, as risk aversion selloff after bigger than expected trade deficit in April and on caution before the European Central Bank announcement on policy later in the global trading day. Losses from the big four banks and consumer staples stocks stemmed the gains made in the materials sector. The benchmark S&P/ASX200 and the broader All Ordinaries each declined marginally 0.1% to 5436.90 and 5419.70, respectively.

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