Sydney, July 5, 2007 (ABN Newswire) - Australian shares could open flat this morning with US markets closed for a holiday; however resource firms may gain on stronger European lead, copper and oil prices.

On Wednesday, the ASX was steady finishing at 6,299. On the futures market the SPI200 is up 5.

To currencies, the Australian dollar drifted in a narrow range offshore near an 18-year high in thinned trade because of the US public holiday. At 8:30 AM the Aussie dollar is buying 85.85 US cents, on the crosses it's buying 105.27 yen, 63.06 Euro cents, and 42.56 British pence

The full report is available at the following video and audio links.

Video Link

http://www.finnewsnetwork.com/asxgen/get_asx.aspx?site=abnnewswire&intro=MBL_AuOutlook.wmv&media=preopening(Broadband).wmv&content_type=BUSINESS_REPORT&date=20070705


Audio Link

http://www.finnewsnetwork.com/asxgen/get_asx.aspx?site=abnnewswire&media=preopening.wma&content_type=BUSINESS_REPORT&date=20070705

>>> OZ Minerals Limited
>>> SEVEN NETWORK LIMITED
>>> WEST AUSTRALIAN NEWSPAPERS HOLDINGS LIMITED
>>> ZINIFEX LIMITED