Reuters: Hot Stocks: Australia shares seen up on Dow record, local data

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 up on Dow record, local data Mar 5th 2013, 22:18 Tweet Share this Email Print Tue Mar 5, 2013 5:18pm EST SYDNEY, March 6 (Reuters) - Australian stocks look set for a firm start on Wednesday after a record close on Wall Street, with mining stocks likely to be in favour as investor confidence is buoyed by healthy domestic data and a steady outlook for China's economic growth. * Local share price index futures rose 0.4 percent to 5,099, a 23.6-point premium to the underlying S&P/ASX 200 index close. The benchmark rallied 1.3 percent on Monday. * New Zealand's benchmark NZX 50 index gained 0.2 percent to 4,276.8 in early trade. * The Dow Jones Industrial Average soared to a record closing high on Tuesday, breaking through levels last seen in 2007 and as investors rushed in to join the party in anticipation of more gains. * Copper rose as a pledge by top consumer China to maintain economic growth at 7.5 percent boosted the outlook for demand, with added support coming from expectations of accommodative monetary policy around the world. * Resources stocks are set to bounce back, after some falls this week on new housing curbs in China. Top miner BHP Billiton Ltd 's ADR traded at a 2.2 percent premium to its ASX close. * GDP data at 0030 GMT is expected to show the economy picked up slightly in the fourth quarter. ----------------------MARKET SNAPSHOT @ 2203 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1539.79 0.96% 14.590 USD/JPY 93.3 0.02% 0.020 10-YR US TSY YLD 1.9013 -- 0.022 SPOT GOLD 1574.85 -0.01% -0.210 US CRUDE 90.68 0.62% 0.560 DOW JONES 14253.77 0.89% 125.95 ASIA ADRS 137.56 0.95% 1.29 ------------------------------------------------------------- * Dow surges to new closing high on economy, Fed's help * Oil Brent oil lifted by shut pipeline, China after 5-day fall * Gold pares gains as Dow's record saps safety bid * Copper gains as China growth outlook spurs demand hopes For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Maggie Lu Yueyang; 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.

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