Reuters: Hot Stocks: Australia shares seen dipping on Syria tension

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Australia shares seen dipping on Syria tension Aug 26th 2013, 22:28 Tweet Share this Email Print Mon Aug 26, 2013 6:28pm EDT MELBOURNE, Aug 27 (Reuters) - Australian shares are set to open lower, with investors wary of a potential U.S. missile strike against Syria over the alleged use of chemical weapons. Results from companies like Whitehaven Coal and Flight Centre may also weigh on the market. * Local share price index futures fell 0.5 percent to 5,098.0, a 37.4-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.2 percent on Monday. * New Zealand's benchmark NZX 50 index was flat in early trade, slipping less than 1 point to 4,545.4 in early trade. * U.S. stocks fell in light volume on Monday after U.S. Secretary of State John Kerry called Syria's use of chemical weapons "undeniable". * Copper in New York slipped on Monday on technical selling after prices neared a three-month high and as weaker-than-expected U.S. durable goods data renewed concerns about the health of the world's biggest economy. Gold prices rose to an 11-week high. * Whitehaven Coal, Flight Centre, Seven Group Holdings and struggling surfwear retailer Billabong are due to report annual results on Tuesday. ----------------------MARKET SNAPSHOT @ 2223 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1656.78 -0.4% -6.720 USD/JPY 98.51 0.01% 0.010 10-YR US TSY YLD 2.7871 -- 0.000 SPOT GOLD 1402.74 -0.12% -1.660 US CRUDE 106.21 0.27% 0.290 DOW JONES 14946.46 -0.43% -64.05 ASIA ADRS 139.18 -0.74% -1.03 ------------------------------------------------------------- * Wall St ends lower after Kerry blasts Syria * Brent oil hits 5-month high on Syria, settles lower * Gold tops $1,400 on weak U.S. durable goods data * NY copper slips on technical selling, weak U.S. data 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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