Reuters: Hot Stocks: Australia shares seen steady, hopeful on U.S. meeting

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 seen steady, hopeful on U.S. meeting Dec 27th 2012, 22:05 Tweet Share this Email Print Thu Dec 27, 2012 5:05pm EST SYDNEY, Dec 28 (Reuters) - Australian shares are likely to open steady in thin trade on Friday, supported by rising iron ore prices and news the U.S. House of Representatives will meet on Sunday in a last-minute bid to avert the 'fiscal cliff'. * Local share price index futures rose 9 points to 4,637, an 11-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3 percent on Thursday and is on track to post gains of 14.6 percent for the year. * Local miners will remain supported by robust gains in spot iron ore prices, which have climbed to eight-month highs at $139.40 .IO62-CNI=SI. * New Zealand's benchmark NZX 50 index rose 4 points to 4,061.5 in early trade. * U.S. stocks closed lower on Thursday but recovered most of the session's losses on news the House of Representatives would meet on Sunday for further talks aimed at avoiding the 'fiscal cliff'. * Copper rose to a one-week high as encouraging data from China reinforced signs of a recovery in the economy of the world's top metals consumer. ----------------------MARKET SNAPSHOT @ 2126 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1418.09 -0.12% -1.740 USD/JPY 86.07 0.53% 0.450 10-YR US TSY YLD 1.732 -- -0.017 SPOT GOLD 1663.56 0.25% 4.070 US CRUDE 91.02 0.04% 0.040 DOW JONES 13096.31 -0.14% -18.28 ASIA ADRS 130.67 0.28% 0.37 ------------------------------------------------------------- * Wall St briefly turns higher in late trading * Oil eases as U.S. budget uncertainty drags on * Gold eases, focus on U.S. budget talks * Copper up as data signals China growth acceleration For a digest of the day's business stories in Australian newspapers, double click on (Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234) (Reporting by Pauline Askin; Editing by Victoria Thieberger) 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