Thursday, December 13, 2012

Reuters: Hot Stocks: Australia shares tread water, eye on strong currency

Reuters: Hot Stocks
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Australia shares tread water, eye on strong currency
Dec 13th 2012, 23:21

Thu Dec 13, 2012 6:21pm EST

MELBOURNE Dec 14 (Reuters) - Australian shares eked out a 2 point rise in opening trade on Friday, with gains capped by a high currency and after European and U.S. equity markets faltered as talks on the U.S. "fiscal cliff" appeared to stall.

The benchmark S&P/ASX 200 index rose 2.2 points to 4,585.0 at 2316 GMT, after slipping one point on Thursday.

New Zealand's benchmark NZX 50 index rose 0.2 percent to 3,982.0. (Reporting by Victoria Thieberger; Editing by John Mair)

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