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Reuters New Media Australia shares rise 1.9 pct; banks, miners lead
Friday November 6, 2009, 4:21 pm

(Updates with closing levels)

MELBOURNE, Nov 6 (Reuters) - Australian stocks advanced 1.1 percent on Friday, boosted by an upgrade to growth forecasts by the central bank and better economic news that sparked a rally on Wall Street.

The benchmark S&P/ASX index .AXJO rose 86 points to 4,594.0. For the week, the index was down 1.1 percent.

New Zealand's benchmark NZX 50 index .NZ50 rose 0.5 percent to 3,160.1. (Reporting by Victoria Thieberger; editing by Jonathan Standing)

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