Reuters: Hot Stocks: Australia shares seen falling further on China worries

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 falling further on China worries Jun 24th 2013, 22:56 Tweet Share this Email Print Mon Jun 24, 2013 6:56pm EDT MELBOURNE, June 25 (Reuters) - Australian shares are set to open lower, with concerns about a cash crunch holding back growth in China weighing on the big miners and offsetting gains in companies benefiting from a stronger U.S. dollar. * Stock index futures fell 0.6 percent to 4,603.0, a 66.1-point discount to the underlying S&P/ASX 200 index close. The benchmark dropped 1.5 percent on Monday. * New Zealand's benchmark NZX 50 index fell 0.4 percent to 4,344.5 in early trade. * U.S. stocks fell more than 1 percent on Monday, adding to a sell-off built on concerns about reduced stimulus from the Federal Reserve and on overnight losses in Chinese equity markets. * Copper slumped to its lowest level in almost three years on Monday, pressured by a firmer dollar and concerns that a possible liquidity squeeze could hurt the economy and demand in top metals consumer China. Gold fell about 1 percent. * Less than a week after the U.S. Federal Reserve set off a cascade of selling in global markets, two of its top officials downplayed the notion of an imminent end to monetary stimulus and said on Monday the market reaction was not yet cause for concern. ----------------------MARKET SNAPSHOT @ 2223 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1573.09 -1.21% -19.340 USD/JPY 97.69 -0.03% -0.030 10-YR US TSY YLD 2.5442 -- 0.000 SPOT GOLD 1281.36 0.01% 0.070 US CRUDE 95 -0.19% -0.180 DOW JONES 14659.56 -0.94% -139.84 ASIA ADRS 128.30 -2.35% -3.08 ------------------------------------------------------------- * Wall St ends down but off lows as bond prices gain * Oil ends up as Canada floods threaten US imports * Gold down 1 pct on China fears, Wall St margin calls * Copper hits three-year low on dollar, China crunch 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) (Editing by Lincoln Feast) 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