Sydney, Oct 24, 2007 (ABN Newswire) -
Aussie shares have tracked higher in morning trade, gaining, gaining for a second straight session as banking stocks extended rebounds and as firmer metal prices lifted miners. However trading volumes were on the low side with investors cautious ahead of the CPI data.
At Midday the S&P/ASX200 index is up 45 points to 6,706 and on the futures market the SPI- 200's up 51.
In economic news, third quarter underlying CPI came in at 0.9 per cent, at the top end of the target rage, which means an almost 75 per cent chance of a interest rate rise when the Reserve Bank meets on Melbourne Cup Day. The annual CPI rate came in at 1.9 per cent. In other economic news, skilled job vacancies fell 0.9 per cent in October. The index is now 9.3 per cent lower than a year ago.
The full report is available at the following video and audio links.
Video Link
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http://abnnewswire.net/lnk/6QCQCV8YSource: Finance News Network © 2007
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