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Market wrap

Australian shares have lifted on the back of strong performances across the materials sector.

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Read more: BHP BillitonRio TintoEconomicsChinaCommonwealth BankDavid JonesFederal Court hearingFortescueIG market strategist Evan LucasMount Gibson IronMr LucasNABSenateSouth African company Woolworths HoldingsTelstraTuesdayWestpacWoodside Petroleum