Sydney, Aug 22, 2007 (ABN Newswire) -
Australian shares could ease upon opening after a mixed result in New York. Weaker metal and oil prices could also pressure resource firms, and of course, worries about global credit markets still abound. But a raft of corporate earnings, including BHP Billiton, Woodside Petroleum and AGL Energy could shift investor sentiment.
On Tuesday the S&P/ASX200, finished 57 points stronger, ending one a one-week closing high of 5,989. On the futures market the SPI200 is down 29.
Turning to currencies, the Australian dollar seesawed in offshore trade this morning, on the lingering credit market concerns. At 8:35 AM the Aussie dollar is buying 79.75 US cents, on the crosses the dollar is buying 91.03 yen, 59.28 Euro cents, and 40.28 British pence
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