Sydney, Aug 9, 2007 (ABN Newswire) - Australian shares could get off on the right foot this morning as easing economic concerns drive American markets. Weaker metal and oil prices could pressure resource stocks, but domestic company earnings are likely to take centre stage as the reporting season gets into full swing. July employment figures are also expected today.
On Wednesday, ASX was up 116 points ending at 6,101. On the futures market the SPI200 is up 60.
Turning to currencies, the Australian dollar rose above 86 US cents this morning hitting a two-week high. At 8:30 AM the Aussie dollar is buying 86.22 US cents, on the crosses the dollar is buying 103.26 yen, 62.48 Euro cents, and 42.33 British pence
The full report is available at the following video and audio links.
Video Link
http://abnnewswire.net/lnk/698929EKAudio Link
http://abnnewswire.net/lnk/3AR72M06About Finance News Network
Finance News Network (FNN) has been producing up-to-date concise business and finance news tailored to traders and investors alike since 2002. FNN content reaches a diverse and constantly growing audience via online streaming video, Street Vision broadcasts and the Telstra 3G mobile phone network.
http://www.finnewsnetwork.com.au
News 
