(Bloomberg) -- Australian stocks climbed, extending a record high, led by BHP Billiton Ltd. after metals prices rose and better-than-expected reports on U.S. services industries and productivity eased concern the world's largest economy is slowing.
Stocks were also boosted after Australia's central bank cut its forecast for inflation in 2007, signaling it may not raise interest rates this year.
Read more at Bloomberg Stocks News
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