Reuters: Hot Stocks: Australia shares seen rebounding from 5-month lows on Wall St rally

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Australia shares seen rebounding from 5-month lows on Wall St rally Jun 13th 2013, 23:12 SYDNEY, June 14 | Thu Jun 13, 2013 7:12pm EDT SYDNEY, June 14 (Reuters) - Australian shares are seen rebounding from five-month lows as Wall Street rallied overnight on stronger-than-expected data, but weakness in metals prices may cap gains. * Local share price index futures jumped 1.2 percent, a 46.2-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.6 percent on Thursday. * New Zealand's benchmark NZX 50 index added 0.4 percent in early trade. * U.S. stocks rallied on Thursday after three days of losses as stronger-than-expected economic data helped offset concerns about the expected winding down of the Federal Reserve's economic stimulus. * Asian shares slid to nine-month lows on Thursday, as investors rushed for the exits as the prospect of reduced stimulus from central banks roiled markets. * Copper slid to a six-week low on Thursday as fears that central banks may curb stimulus programmes earlier than previously expected outweighed concerns about supply disruptions and delays at two large copper mines. * Gold slid on Thursday after stronger-than-expected U.S. economic data helped ease concerns about the impending start of the winding down of stimulus from the Federal Reserve. ----------------------MARKET SNAPSHOT @ 2251 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1636.36 1.48% 23.840 USD/JPY 95.48 0.13% 0.120 10-YR US TSY YLD 2.1489 -- 0.000 SPOT GOLD 1385.81 0.03% 0.370 US CRUDE 96.64 -0.05% -0.050 DOW JONES 15176.08 1.21% 180.85 ASIA ADRS 136.50 1.73% 2.32 ------------------------------------------------------------- * Wall St rallies on economic data, technical factors * Oil up on positive U.S. data; gasoline leads * Gold drops as U.S. data dims Fed hopes; PGMs tumble * Copper falls to 6-week low on fear of monetary tightening For a digest of the day's business stories in Australian newspapers, double click on (Reporting by Thuy Ong; Editing by Richard Pullin) Link this Share this Digg this Email Reprints

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