Sydney, Aug 8, 2007 (ABN Newswire) - Australian shares gained this morning as U.S. exposed stocks such as Macquarie Bank rose on easing concerns that a credit squeeze would hurt the U.S. economy, while Brambles jumped on bid speculation.
Investors appear to have shrugged off a widely expected rise in interest rates by the Reserve Bank of Australia and focused on strong economic fundamentals.
At Midday the ASX200 index has gained 101 points to 6,086 and on the futures market the SPI 200's up 98
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