Reuters: Hot Stocks: Australia shares may edge up at open, on track for weekly loss

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Australia shares may edge up at open, on track for weekly loss Jun 6th 2013, 23:24 Tweet Share this Email Print Thu Jun 6, 2013 7:24pm EDT SYDNEY, June 7 (Reuters) - Australian shares may edge up at the open on Friday following a stronger close on Wall Street ahead of the U.S. jobs report, but the market is set to post a fourth straight weekly fall. * Local share price index futures added 0.1 percent to 4,786.0, a 4.8 point premium to the underlying S&P/ASX 200 index close. On Thursday, the benchmark fell 1.1 percent to a 4-1/2-month low to be down nearly 3 percent this week. * New Zealand's benchmark NZX 50 index rose 0.2 percent to 4,464.4 in early trade. * U.S. stocks rose on Thursday, with the Dow swinging nearly 200 points from its session low to high and the S&P 500 recovering after hitting a key technical level in volatile trading a day before the release of the U.S. jobs report. * Copper slid as much as 2 percent from a two-week high as comments from a Federal Reserve official heightened concerns the U.S. central back might roll back its stimulus programme soon. * Spot iron ore prices posted their biggest rise in eight months to hit one-week highs as Chinese mills replenished stockpiles ahead of holidays next week. But lean trading volumes suggest further price gains may be limited. * The Australian dollar bounced off a 20-month low as the U.S. dollar weakened on speculation of that non-farm payrolls report for May would be weaker than expected. The data, due at 1230 GMT, is forecast to show employment rose by around 170,000 last month. ----------------------MARKET SNAPSHOT @ 2300 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1622.56 0.85% 13.660 USD/JPY 97.26 0.33% 0.320 10-YR US TSY YLD 2.0787 -- 0.000 SPOT GOLD 1412.06 -0.08% -1.090 US CRUDE 94.69 -0.07% -0.070 DOW JONES 15040.62 0.53% 80.03 ASIA ADRS 134.23 0.49% 0.66 ------------------------------------------------------------- * Wall St ends up in volatile trade ahead of jobs data * Oil up on Buzzard shutdown, Brent premium to US oil dips * Gold rises 1 pct on dlr tumble ahead of U.S. payrolls * Copper slides on worries U.S. may trim stimulus 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.

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