Reuters: Hot Stocks: Australia shares seen buoyed by miners

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Australia shares seen buoyed by miners Aug 12th 2013, 22:30 Tweet Share this Email Print Mon Aug 12, 2013 6:30pm EDT MELBOURNE, Aug 13 (Reuters) - Australian shares may open a touch higher, underpinned by the miners on rising gold prices and surprisingly resilient iron ore prices, while investors keep a close eye on corporate results. * Local share price index futures rose 0.2 percent to 5,069.0, but that was a 39.7-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 1.1 percent on Monday. * New Zealand's benchmark NZX 50 index picked up 2.9 points to 4,525.2 in early trade. * On Wall Street, the Dow and the S&P 500 indexes dipped on Monday, extending losses from Wall Street's worst week since June last week, but Apple and BlackBerry helped to lift the Nasdaq index. * Copper slipped while aluminium extended gains on Monday as signs of a pickup in top metals consumer China and expectations of encouraging euro zone data came up against a rise in the dollar. Gold rose nearly 2 percent. * Real estate investment trust Stockland Group is due to report full year results on Tuesday. Analysts are expecting underlying profit to fall 27 percent to A$491 million for the year to June 2013, according to Thomson Reuters I/B/E/S. * Coal miner shares may face some pressure after Mongolia miner SouthGobi Resources withdrew its full year forecast for semi-soft coking coal, citing weak demand in China. ----------------------MARKET SNAPSHOT @ 2214 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1689.47 -0.12% -1.950 USD/JPY 97.14 0.26% 0.250 10-YR US TSY YLD 2.6215 -- 0.000 SPOT GOLD 1336.01 0.02% 0.220 US CRUDE 106.24 0.12% 0.130 DOW JONES 15419.68 -0.04% -5.83 ASIA ADRS 141.79 0.32% 0.46 ------------------------------------------------------------- * Dow, S&P 500 end lower; BlackBerry, Apple lift Nasdaq * Oil rises on Libya supply disruptions * Gold up nearly 2 pct on ETF inflow * Copper dips, aluminium up on China data, firm 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) 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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