Reuters: Hot Stocks: Australia shares seen posting modest gains, caution ahead of election

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

Free Business Tech Map Get the technology blueprint + discover the 4-part/12-month process that I used to build a raving fan base that buys over $250k of my stuff... per year! From our sponsors

Australia shares seen posting modest gains, caution ahead of election Sep 5th 2013, 23:01 SYDNEY, Sept 6 | Thu Sep 5, 2013 7:01pm EDT SYDNEY, Sept 6 (Reuters) - Australian shares are seen posting modest gains in early trade on Friday following Wall Street, however investors may exercise caution ahead of the general election while a fall in metals prices may also dampen sentiment. * Local share price index futures rose 0.2 percent, a 4.5-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.4 percent on Thursday. * New Zealand's benchmark NZX 50 index rose 0.1 percent in early trade. * U.S. stocks edged up on Thursday, rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday's payrolls report and its implication on the Federal Reserve's stimulus program. * Copper prices edged slightly lower, as the dollar strengthened but losses were capped by expectations that a revival in demand from top consumer China will gather pace. Gold sank almost 2 percent to two-week lows. * Markets will continue to deal with the possibility of a U.S.-led strike against Syria, and U.S. President Barack Obama faces growing pressure at the Group of 20 summit in Russia not to use military force. * Trading may be subdued ahead of the general election on Saturday, with polls indicating a decisive defeat for Prime Minister Kevin Rudd's Labor government. ----------------------MARKET SNAPSHOT @ 2247 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1655.08 0.12% 2.000 USD/JPY 100.17 0.06% 0.060 10-YR US TSY YLD 2.9956 -- 0.000 SPOT GOLD 1366.5 -0.04% -0.490 US CRUDE 108.51 0.13% 0.140 DOW JONES 14937.48 0.04% 6.61 ASIA ADRS 141.83 0.16% 0.22 ------------------------------------------------------------- * Wall St ticks up on data but Fed caution caps gains * Crude oil rises on strong U.S. economic data * Gold at 2-week low as US data fuels Fed tapering talk * Copper edges down as dollar soars 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 Eric Beech) Link this Share this Digg this Email Reprints

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