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Lack of detail weighs market down

THE Australian market is set to open lower today following weak overseas leads due to concerns European leaders will struggle to raise funds to contain the region’s debt crisis, with investors taking to the sidelines waiting on more detail about the bailout facility.

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The SPI 200 futures index was down 39 points to 4245. “There are lots of missing details and it’s still frustratingly slow,” Barclays global head of investment strategy Kevin Gardiner told Bloomberg....

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