Sydney, Oct 31, 2007 (ABN Newswire) -
Australian shares are little changed in morning trade after banks provided support for the weaker resource shares limiting losses after oil and metals prices sagged overnight.
At Midday the S&P/ASX200 index is up 5 points to 6,755 and on the futures market the SPI-200's down 18.
In economic news, ABS building approvals data has shown an increase of 6.8 percent from August and the Housing Industry Association reports new home sales have risen 9.9 per cent in September. This follows an 8.6 per cent loss in August and brings in sales for the September quarter 3 percent lower than the previous three months.
The full report is available at the following video and audio links.
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http://abnnewswire.net/lnk/TKGQI6W9Source: Finance News Network © 2007
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