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The new reserve bank Governor Phillip Lowe has made his first speech since taking over however he didn't give any hints about interest rates.

Local shares have risen for the first time in five sessions today, although Crown stocks remain down following the arrest of several company employees in China.

It has been a poor start to the week for Australian financial markets, with most major stocks down. Crown Casino shares are down 14% while Fortescue (FMG) shares are up 14 cents.