Reuters: Hot Stocks: Australia shares edge up after gains for Wall Street, gold

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares edge up after gains for Wall Street, gold Apr 22nd 2013, 00:18 Tweet Share this Email Print Sun Apr 21, 2013 8:18pm EDT (Updates to open) MELBOURNE, April 22 (Reuters) - Australian shares opened up 0.4 percent on Monday after Wall Street and gold prices picked up last Friday following a volatile week, although weak copper and iron ore prices still weighed on some mining stocks. Global miner BHP Billiton edged lower 0.3 percent, while rival Rio Tinto Ltd climbed 1 percent. The S&P/ASX 200 index rose 19.7 points to 4,951.6 by 0010 GMT. The benchmark rose 0.2 percent on Friday, but suffered its biggest weekly loss in almost a month as commodities prices plunged. New Zealand's benchmark NZX 50 index rose 0.3 percent to 4,459.9 in early trade. OZ Minerals dropped 5.6 percent, after cutting its copper production forecast for 2013 to 82,000-88,000 tonnes, and reporting cash costs had risen in the March quarter to $1.85 a pound, well above guidance between $1.50 and $1.65 a pound. (Reporting By Maggie Lu Yueyang; Editing by Chris Gallagher) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions