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/698929EK


Audio Link

http://abnnewswire.net/lnk/3AR72M06

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