Reuters: Hot Stocks: Australia shares seen higher on firm data, metals prices

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Australia shares seen higher on firm data, metals prices Mar 7th 2013, 22:57 Tweet Share this Email Print Thu Mar 7, 2013 5:57pm EST SYDNEY, March 8 (Reuters) - Australian shares are seen opening higher on Friday after the Dow Jones Industrial average hit a record high on the back of economic data, with major miners set to rise on firmer global metals prices. * Local share price index futures were up 0.4 percent at 5,131, a 21.8 point premium to the underlying S&P/ASX 200 index close. The benchmark closed 0.2 percent lower at 5,109.2 on Thursday. * New Zealand's benchmark NZX 50 index rose 0.1 percent in early trade. * U.S. stocks closed modestly higher on Thursday, with the Dow ending at a record close for a third straight day as jobless claims data pointed to a pick-up in the labour market's recovery a day before the closely watched payrolls report. * Copper and aluminium prices rebounded, lifted by a strong euro and U.S. data that boosted the outlook for growth, but slow demand from top consumer China may keep further gains in check. * BHP Billiton responded to China's allegations of manipulating the market, saying that it was committed to a transparent iron ore market. ----------------------MARKET SNAPSHOT @ 2229 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1544.26 0.18% 2.800 USD/JPY 94.81 0% 0.000 10-YR US TSY YLD 1.9947 -- 0.055 SPOT GOLD 1577.95 -0.03% -0.450 US CRUDE 91.56 1.25% 1.130 DOW JONES 14329.49 0.23% 33.25 ASIA ADRS 137.08 -0.71% -0.98 ------------------------------------------------------------- * Dow closes at another high, eyes turn to U.S. payrolls * Crude rises on surprise drop in U.S. jobless claims * Gold drops as stimulus hopes fade, payrolls eyed * Copper, aluminium gain on U.S. jobs data For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Michael Sin; 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.

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