Sydney, July 10, 2007 (ABN Newswire) - The Australian share market lost ground today. Market heavyweight Woolworths was among the decliners with its full-year profit outlook failing to meet some expectations. Aussie dollar exposed firms also retreated as the dollar continued to climb.

The ASX 200 Index close down 39 points at 6362, and on the futures market the SPI 200 shed points.

In economic news, conditions for business are good. The National Australia Bank's monthly business survey showed the business conditions index easing slightly to 16 points. The result is firmly above the zero mark, which separates expansion from contraction. The solid result was put down to healthy trading, profits and employment

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_Marketwrap.wmv&media=close(Broadband).wmv&content_type=BUSINESS_REPORT&date=20070710


Audio Link

http://www.finnewsnetwork.com/asxgen/get_asx.aspx?site=abnnewswire&media=close.wma&content_type=BUSINESS_REPORT&date=20070710

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