Sydney, Aug 6, 2007 (ABN Newswire) - After a volatile session on Friday that ended with the market slightly up, Australian shares will likely fall upon opening after a dismal finish to the week on Wall Street. A fall in base metal and oil prices could also weigh down on resource stocks. Australian investors will be turning their attention to company reports, as the season picks up a notch. Argo Investments gets things rolling today; of course we'll bring you all the latest information throughout the week.
As mentioned, it was a rollercoaster ride for investors on Friday, but the ASX managed to gain 9 points ending at 6,021. On the futures market the SPI200 is down 123.
Turning to currencies, at 8:20 AM the Aussie dollar is buying 85.37 US cents, on the crosses the dollar is buying 100.19 yen, 61.72 euro cents, and 41.83 British pence
The full report is available at the following video and audio links.
Video Link
http://abnnewswire.net/lnk/U41171J8Audio Link
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