IPO price, page-20

The Australian share market looks poised for a positive start after Wall Street hovered near record highs. US traders were supported by figures showing the economy expanded 3.9 per cent in the third quarter, offsetting a drop in consumer confidence this month. The robust growth figures and comments from the RBA have put pressure on the local currency which has hit a four-year low against the greenback.

The Australian dollar at 8:30am was buying $US0.8528, 100.63 Yen