Sydney, July 6, 2007 (ABN Newswire) - The Aussie market generally traded lower this morning after a lackluster session on Wall Street and as a rise in U.S. bond yields pressured rate-sensitive banking stocks.
At Midday the ASX200 index has fallen 19 points to 6,344 and on the futures market the SPI 200's down 36.
In economic news, the Australian Industry Group-Housing Industry Association performance of construction index rose 6.2 points to 51.3 in June to be back above the 50 point level, which separates expansion from contraction. The report showed that growth was confined to the commercial sector
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