Reuters: Hot Stocks: Australia shares seen opening higher with eyes on local data and rate decision

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

Launch your idea today. Type FRIENDS in our "How did you hear about us" box for a free LaunchBit Startup Guide and turn your dream into reality! From our sponsors

Australia shares seen opening higher with eyes on local data and rate decision Nov 3rd 2013, 21:32 Tweet Share this Email Print Reprints Sun Nov 3, 2013 4:32pm EST SYDNEY, Nov 4 (Reuters) - Australian shares are likely to open higher on Monday on better-than-expected manufacturing data from the United States, while investors will watch for a slew of local economic data on the day and the Reserve Bank of Australia's rate decision on Tuesday. * Local share price index futures rose 0.4 percent to 5,414.0, a 2.9-point premium to the underlying S&P/ASX 200 index close. The benchmark slipped 0.3 percent on Friday, but ended the month 4 percent higher to hover at five-year highs. * New Zealand's benchmark NZX 50 index slipped 1.4 point to 4,912.5 in early trade. * U.S. stocks rose on Friday after surprisingly strong manufacturing data overshadowed expectations that the Federal Reserve might reduce stimulus earlier than expected. * Copper steadied on Friday as a strong dollar cut back earlier gains from strong Chinese manufacturing data, which reinforced expectations for economic stability in the world's top metals consumer. * Westpac Banking Corp booked an 8 percent climb in full-year cash earnings and marked its fourth straight year of record profits, on a stronger performance across all its operating divisions and a 30 percent fall in bad debts. * Australia will release a slew of economic data later on the day, including house prices and retails sales for the third quarter. * Whitehaven Coal Ltd, Australia's second largest independent coal company holds its annual general meeting on Monday. Delays on a major growth project and weak coal prices have pummelled shares of Whitehaven to 4-1/2-year lows and could pressure the Australian firm to raise equity in 2014, putting its top shareholder in a tricky position. ----------------------MARKET SNAPSHOT @ 2124 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1761.64 0.29% 5.100 USD/JPY 98.78 0.33% 0.320 10-YR US TSY YLD 2.62 -- 0.000 SPOT GOLD 1314.74 0.01% 0.140 US CRUDE 94.61 -1.84% -1.770 DOW JONES 15615.55 0.45% 69.80 ASIA ADRS 149.18 -0.06% -0.08 ------------------------------------------------------------- * Wall St ends higher after factory data; Dow, S&P up for week * Brent sheds nearly $3 on strong dollar, spread narrows * Gold falls, posts sharp weekly drop on Fed worries * Copper steady as strong dollar offsets China factory 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) (Reporting By Maggie Lu Yueyang; Editing by Eric Walsh) 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