Reuters: Hot Stocks: Australia shares seen opening flat, eyeing China demand

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Australia shares seen opening flat, eyeing China demand Feb 17th 2013, 22:38 Tweet Share this Email Print Sun Feb 17, 2013 5:38pm EST SYDNEY, Feb 18 (Reuters) - Australian shares are seen starting with a flat tone on Monday as blue chips Commonwealth Bank of Australia and Telstra Corp Ltd trade ex-dividend, while miners are likely to climb as top buyer China returns from holiday. * Local share price index futures rose 0.3 percent to 5,008, a 25.9 point discount to the underlying S&P/ASX 200 index close. The benchmark edged down 3 points to 5,033.9 on Friday, but rose 1.3 percent for the week to extend the market's bull-run to a fifth week. * New Zealand's benchmark NZX 50 index rose 0.3 percent to 4,208.0 in early trade. * The S&P 500 dipped on Friday as Wal-Mart dropped following a report of a weak start to February sales, and the index just barely extended its streak of weekly gains to seven. * Copper dipped as the dollar rose, outperformed again by aluminium and zinc, but investors hoped a surge of buying will emerge when Chinese participants return from holiday this week. * Australian packaging group Amcor Ltd reported a better-than-expected 5.7 percent rise in first-half underlying profit, buoyed by its Aperio food packaging acquisition last year and despite battling currency headwinds. * Both Commonwealth Bank of Australia and telecommunication giant Telstra Corp Ltd will be trading ex-dividend on Monday. ----------------------MARKET SNAPSHOT @ 2206 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1519.79 -0.1% -1.590 USD/JPY 93.82 0.36% 0.340 10-YR US TSY YLD 2.0052 -- 0.000 SPOT GOLD 1609.19 0.00% 0.000 US CRUDE 96.04 -1.31% -1.270 DOW JONES 13981.76 0.06% 8.37 ASIA ADRS 136.35 -0.34% -0.46 ------------------------------------------------------------- * Wall St ends slightly down, S&P positive for 7th week * Oil sinks, Brent headed for first wkly loss since Jan * Gold drops over 3.7 pct in week on technical selling * Copper falls, aluminium up as market awaits Chinese For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Maggie Lu Yueyang; Editing by John Mair) Related Quotes and News Company Price Related News 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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