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SYDNEY, June 1 ?Australian stocks rose 2 per cent to a three-week closing high on Monday as upbeat global economic data brightened the outlook for resources stocks and lenders such as Commonwealth Bank of Australia.

Figures indicating a recovery in Chinese export orders added confidence, while a gain in US stock futures and Japanese shares after confirmation of the long-expected General Motors?bankruptcy protection removed a shadow over investor sentiment.

The market has been up quite strongly across the board, very leveraged towards a global economic recovery,?said Jamie Spiteri, senior dealer at Shaw Stockbroking.