Reuters: Hot Stocks: Australia shares rebound 1.0 pct; focus on rate decision

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Australia shares rebound 1.0 pct; focus on rate decision Mar 4th 2013, 23:28 Tweet Share this Email Print Mon Mar 4, 2013 6:28pm EST SYDNEY, March 5 (Reuters) - Australian stocks rebounded 1.0 percent at the open on Tuesday after a positive lead from Wall Street, with financial stocks leading the gains ahead of an interest rate decision by the central bank. The outcome of the Reserve Bank of Australia's March meeting will be announced at 0330 GMT, with nearly all economists in a Reuters poll forecasting no change to a record-low 3 percent cash rate. The S&P/ASX 200 index rose 51.8 points to 5,062.3 as of 2318 GMT. The benchmark fell 1.5 percent on Monday to its lowest close since Feb. 26. New Zealand's benchmark NZX 50 index added 0.6 points to 4,254.2. (Reporting by Maggie Lu Yueyang; Editing by) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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