Reuters: Hot Stocks: Australia shares seen rising on record Wall St, miners likely up

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 rising on record Wall St, miners likely up Apr 11th 2013, 23:08 SYDNEY, April 12 | Thu Apr 11, 2013 7:08pm EDT SYDNEY, April 12 (Reuters) - Australian shares are expected to close the week on a high on Friday after yet another record night for U.S. stocks, with the mining sector likely benefiting from higher copper prices. * Local share price index futures rose 0.2 percent, a 14.9-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.8 percent on Thursday. * New Zealand's benchmark NZX 50 index edged up 0.1 percent or 4.1 points to 4,413.7 in early trade. * U.S. stocks rose for a fourth straight day on Thursday, sending the Dow Jones Industrial Average and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent conerns about economic growth. * Gold rose overnight as a drop in the dollar triggered bargain hunting after the previous session's sharp decline on news of possible gold sales by Cyprus and uncertainty over Federal Reserve's monetary stimulus. * Copper prices rose on a weaker dollar and after strong U.S. jobs data lifted sentiment about the outlook for global metals demand. * Oil prices settled lower after the International Energy Agency (IEA) trimmed its forecast for oil demand growth this year, the third of the world's top forecasters to do so at a time of growing supplies. ----------------------MARKET SNAPSHOT @ 2243 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1593.37 0.36% 5.640 USD/JPY 99.69 0.02% 0.020 10-YR US TSY YLD 1.7913 -- 0.000 SPOT GOLD 1560.73 0.00% -0.010 US CRUDE 93.47 -0.04% -0.040 DOW JONES 14865.14 0.42% 62.90 ASIA ADRS 141.49 1.29% 1.80 ------------------------------------------------------------- * Wall St gains for 4th day, but weak tech hurts NASDAQ * Oil settles lower as demand view dims, inventory rises * Gold rebounds from 1-week low as dollar slips * Copper bounces on strong U.S. jobs data, weak 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) (Reporting by Thuy Ong; Editing by Shri Navaratnam) Link this Share this Digg this Email Reprints

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