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    ASX to rise as Wall Street extends rally

    Timothy MooreBefore the Bell editor

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    Australian shares are poised to edge higher, bolstered by further gains in New York where the S&P 500 pushed back through 5200 points, extending a positive start to May after April’s stumble.

    The advance was helped by demand for the sale of 30-year US Treasuries as well as a report showing that claims for jobless benefits were higher than expected last week.

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