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Australia banks face profit squeeze on rising costs, mortgage competition

Australia s biggest banks are likely to report weaker first-half profit as high operating costs and competition to sell mortgages and deposits squeeze margins, setting up a possible reversal of a.

Australian shares follow Wall Street higher, miners limit gains

Australian shares rose on Tuesday, tracking Wall Street s rally overnight amid easing fears of a wider conflict in the Middle East, while miners fell due to weak underlying commodity prices. .

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