Reuters: Hot Stocks: Australia shares seen inching up on miners

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 inching up on miners Jan 22nd 2013, 21:44 Tweet Share this Email Print Tue Jan 22, 2013 4:44pm EST MELBOURNE, Jan 23 (Reuters) - Australian shares may open higher on Wednesday, buoyed by the miners following Japan's stimulus measures and Wall Street's rise to a fresh five-year high, but gains may be limited ahead of the local results season. * Stock index futures rose 0.2 percent to 4,753.0, but that was a 26.1-point discount to the underyling S&P/ASX 200 index . The benchmark index finished flat on Tuesday. * New Zealand's benchmark NZX 50 index was steady at 4,187.3 in early trade. * On Wall Street, bank and commodity shares led the Standard & Poor's 500 to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend. * Copper rose to its highest level in more than a week on Tuesday, following other commodities markets and equities higher after Japan's central bank promised unlimited asset buying to boost economic growth. * Top miner BHP Billiton reported a 3 percent rise in iron ore production in the December quarter, broadly in line with expectations and kept its FY 2013 iron ore production guidance unchanged at 183 million tonnes. ----------------------MARKET SNAPSHOT @ 2124 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1492.51 0.44% 6.530 USD/JPY 88.7 -0.98% -0.880 10-YR US TSY YLD 1.8399 -- 0.000 SPOT GOLD 1691.86 0.14% 2.310 US CRUDE 96.24 0.71% 0.680 DOW JONES 13712.13 0.46% 62.43 ASIA ADRS 134.37 -0.63% -0.85 ------------------------------------------------------------- * S&P 500 ends at 5-yr high on banks, materials * Oil rises on BOJ plan, German investor sentiment * Gold up on Japan stimulus, U.S. stocks at 5-year high * Copper rises on Japan easing move, dollar 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) 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