Reuters: Hot Stocks: Australia shares seen lower on weak Wall St, caution ahead of earnings

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Australia shares seen lower on weak Wall St, caution ahead of earnings Aug 19th 2013, 23:16 SYDNEY | Mon Aug 19, 2013 7:16pm EDT SYDNEY Aug 20 (Reuters) - Australian shares are expected to open lower on Tuesday on weaker metals prices and after a fourth-straight session of losses on Wall Street, while another batch of earnings due out later in the day is likely to see investors treading cautiously. * Local share price index futures fell 0.3 percent, a 41.5-point discount to the underlying S&P/ASX 200 index close. The benchmark finished a volatile trading session flat on Monday. * New Zealand's benchmark NZX 50 index slipped 0.1 percent in early trade. * U.S. stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher interest rates. * Copper prices slipped, hit by uncertainty about when the Fed could ease back on stimulus that has helped fuel gains in commodities in recent years. Gold fell, snapping a three-day winning streak. * Chinese steel futures slipped to a one-week low on Monday as end-user restocking slows in the world's top consumer and prices of steelmaker raw material iron ore eased from five-month highs. * Earnings reports from Coca-Cola Amatil Ltd, Macmahon Holdings Ltd, QBE Insurance Group Ltd , Arrium Ltd, Ansell Ltd and BHP Billiton Ltd are all due later on Tuesday. * National Australia Bank is also due to provide its trading update for the third quarter. * The Reserve Bank of Australia will release minutes later on Tuesday from its policy meeting earlier this month. ----------------------MARKET SNAPSHOT @ 2252 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1646.06 -0.59% -9.770 USD/JPY 97.66 0.12% 0.120 10-YR US TSY YLD 2.8823 -- 0.000 SPOT GOLD 1365.3 -0.01% -0.180 US CRUDE 106.98 -0.11% -0.120 DOW JONES 15010.74 -0.47% -70.73 ASIA ADRS 140.20 -0.82% -1.16 ------------------------------------------------------------- * Wall St falls for fourth straight session as Fed eyed * Brent oil hit by profit-taking but supported by Egypt * Gold falls on worries over Fed stimulus curb * Copper slides on worries about Fed Reserve stimulus 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

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