Markets: Easy grease for Aussie stocks

Shares in banks, Telstra and the big miners have rallied – not on positive news, but on easy monetary policy.

The S&P/ASX200 index is in the midst of a rally, albeit a modest one. Yesterday was the benchmark index’s eighth consecutive day of gains, though the biggest single day rise during that period has been just 0.6 per cent. Since June 25 however, the benchmark index is up 8.5 per cent.

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