Reuters: Hot Stocks: Australia shares seen higher on Greek rescue hopes

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Australia shares seen higher on Greek rescue hopes Nov 25th 2012, 21:59 Tweet Share this Email Print Sun Nov 25, 2012 4:59pm EST MELBOURNE, Nov 26 (Reuters) - Australian shares look set to open higher on Monday, with investors hoping lenders will reach an agreement later in the day to release aid to Greece to avert bankruptcy in the euro zone's weakest nation. * Stock index futures rose 0.7 percent to 4,450.0, a 37-point premium to the underlying S&P/ASX 200 index. The benchmark ended flat on Friday but was up 1.8 percent for the week. * New Zealand's benchmark NZX 50 index rose 0.2 percent to 4,016.5 in early trade. * U.S. stocks rose for a fifth day during a holiday-shortened, thinly traded session on Friday as investors picked up recently beaten-down shares of large technology companies. * Copper rose on Friday, helped by a weaker dollar and signs of progress in negotiations to get funds to Greece, though gains were limited by concerns over weak demand, especially in top metals consumer China. * Rare earths miner Lynas Corp's may be in the frame following a large protest in Malaysia's capital against the opening of the Australian company's rare-earths processing plant on the country's east coast. ----------------------MARKET SNAPSHOT @ 2134 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1409.15 1.3% 18.120 USD/JPY 82.33 -0.07% -0.060 10-YR US TSY YLD 1.6934 -- 0.000 SPOT GOLD 1752.39 -0.01% -0.110 US CRUDE 88.28 1.03% 0.900 DOW JONES 13009.68 1.35% 172.79 ASIA ADRS 122.41 1.80% 2.16 ------------------------------------------------------------- * Wall St ends higher in short session, led by techs * Oil rises on Egypt violence, euro zone optimism * Gold above $1,750, up 1.4 pct on weak dlr, technicals * Copper up on Greek hopes but China demand weighs For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Sonali Paul; Editing by John Mair) 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.

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