Sydney, Oct 24, 2007 (ABN Newswire) -
The Australian market could rise today, buoyed by another strong finish on Wall Street; but the mood is likely to be cautious ahead of consumer price data due out later this morning?robust figure could trigger another interest rate rise in the coming weeks.
Yesterday the S&P/ASX200 finished 84 points stronger to 6,661. On the futures market the SPI200 is up 34.
Turning to currencies, the Aussie dollar edged up on expectations of a strong consumer price inflation reading. At 8:40 AM the Aussie dollar was buying 89.86 US cents, on the crosses the dollar was buying 103.21 yen, 63.01 Euro cents, and 43.8 British pence.
The full report is available at the following video and audio links.
Video Link
http://abnnewswire.net/fnnlnk/X47053CKAudio Link
http://abnnewswire.net/lnk/1N24OPE0Source: Finance News Network © 2007
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