Reuters: Hot Stocks: Australia shares seen weaker on AUD, U.S. fiscal worries

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Australia shares seen weaker on AUD, U.S. fiscal worries Dec 13th 2012, 22:21 Tweet Share this Email Print Thu Dec 13, 2012 5:21pm EST MELBOURNE, Dec 14 (Reuters) - Australian shares look set to open slightly softer on Friday, with sentiment dampened by a high currency and after European and U.S. equity markets faltered as talks on the U.S. "fiscal cliff" appeared to stall. * Local share price index futures fell 0.2 percent to 4583, in line with the close of the underlying S&P/ASX 200 index. * A five-day rally in Australian shares stalled on Thursday, with the index ending just one point below Wednesday's 17-month closing high. * New Zealand's benchmark NZX 50 index rose 0.2 percent to 3,982.9 in early trade. * On Wall Street, the S&P 500 ended a six-day winning streak, retreating as worries intensified that Washington's fiscal negotiations were dragging on with little progress. * Copper fell on the impasse in U.S. budget talks and on concerns that the Federal Reserve's decision to tie its monetary policy to unemployment might limit economic stimulus. * Insurer IAG will be watched after selling its loss-making UK operations, including selling Equity Red Star to buyout firm Aquiline Capital Partners for about A$130 million. * Shares in Premier Investments will be in focus after saying in a newspaper report it was on the lookout for retail acquisitions after a hiring spree of senior executives. ----------------------MARKET SNAPSHOT @ 2135 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1419.45 -0.63% -9.030 USD/JPY 83.62 0.44% 0.370 10-YR US TSY YLD 1.7299 -- 0.028 SPOT GOLD 1696.19 -0.90% -15.360 US CRUDE 86.15 -0.71% -0.620 DOW JONES 13170.72 -0.56% -74.73 ASIA ADRS 125.35 -0.16% -0.20 ------------------------------------------------------------- * Wall St ends six days of gains on 'cliff' worries * Oil falls as fiscal cliffhanger fuels caution * Gold falls as Fed fears prompt position liquidations * Copper falls after Fed decision; fiscal worries drag For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Victoria Thieberger; 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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