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Economics

Market wrap

The local share market has opened lower despite a record profit from Australia's biggest bank.

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Read more: Australia,  Commonwealth Bank shares,  Economics,  ANZ,  BHP Billiton,  CMC Markets,  Commonwealth Bank results,  CSL,  Fortescue Metals,  Goodman Fielder,  NAB,  OZ Minerals,  Ric Spooner,  Rio Tinto,  Suncorp,  Wednesday,  Westpac