SYDNEY, Dec 11 (Reuters) - Australian shares are likely to
edge higher on Thursday after U.S. stocks and metal prices firmed
overnight, but the mood remains cautious after weak economic data
from Australia's biggest trading partner, China.
December stock index futures stood at 3,662 points at 2214 GMT, a 21.3 point premium to the underlying S&P/ASX 200 index which closed on Wednesday at 3,640.7.
Shares in global miner Rio Tinto are expected to support the market after it announced plans late on Wednesday to cut debt, slash jobs and wind back capital spending. Rio's London-listed shares surged 20 percent on Wednesday.
New Zealand's NZX50 index was up 0.8 percent in morning trade at 2,732.86. ----------------------MARKET SNAPSHOT @ 2222 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 899.24 1.19% 10.570 USD/JPY 92.8 0.1% 0.090
10-YR US TSY YLD 2.6927 -
0.043 SPOT GOLD 808.6 -0.16% -1.300 US CRUDE 44.03 4.66% 1.960 DOW JONES 8761.42 0.81% 70.09 ASIA ADRS 91.10 4.56% 3.97
* Wall Street rises in choppy trade on resource boost
* Copper, aluminium bounce, but seen vulnerable
* Gold climbs 3 pct on rising oil, weaker dollar
* Oil rises 3 pct as Saudi cuts supplies
(Sydney newsroom +61 2 9373 1800)
DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead ................................................................ For latest top breaking news across all markets ................................................................ TOP NEWS SUMMARIES ON OTHER SUBJECTS | U.S. Companies | European Companies | | Forex | Global Economy | | Tech.Media,Telecoms | Banking, Financials | | Politics & General | Sports | ................................................................ MAJOR STOCK MARKET REPORTS New York Weekly outlook New York Pan-Europe Weekly outlook Europe London Weekly outlook London Tokyo ................................................................ ASIA STOCK MARKETS Pan-Asia...................... Bangkok...... Karachi........ S/east Asia. Bombay....... Kuala Lumpur... Sydney/NZ... China........ Seoul.......... Taipei...... Hong Kong.... Singapore...... Tokyo........ ................................................................ Access to some items may depend on subscription level. ................................................................ UP-TO-THE-MINUTE HEADLINES Company results Economic indicators Mergers & acquisitions Interest rates LIVE PRICES & DATA World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt HOW TO FIND INFORMATION YOU NEED | | | | | || | | | LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Australian dollar LME price overview Keywords: MARKETS AUSTRALIA STOCKS/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News, please visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
December stock index futures stood at 3,662 points at 2214 GMT, a 21.3 point premium to the underlying S&P/ASX 200 index which closed on Wednesday at 3,640.7.
Shares in global miner Rio Tinto are expected to support the market after it announced plans late on Wednesday to cut debt, slash jobs and wind back capital spending. Rio's London-listed shares surged 20 percent on Wednesday.
New Zealand's NZX50 index was up 0.8 percent in morning trade at 2,732.86. ----------------------MARKET SNAPSHOT @ 2222 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 899.24 1.19% 10.570 USD/JPY 92.8 0.1% 0.090
10-YR US TSY YLD 2.6927 -
0.043 SPOT GOLD 808.6 -0.16% -1.300 US CRUDE 44.03 4.66% 1.960 DOW JONES 8761.42 0.81% 70.09 ASIA ADRS 91.10 4.56% 3.97
* Wall Street rises in choppy trade on resource boost
* Copper, aluminium bounce, but seen vulnerable
* Gold climbs 3 pct on rising oil, weaker dollar
* Oil rises 3 pct as Saudi cuts supplies
(Sydney newsroom +61 2 9373 1800)
DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead ................................................................ For latest top breaking news across all markets ................................................................ TOP NEWS SUMMARIES ON OTHER SUBJECTS | U.S. Companies | European Companies | | Forex | Global Economy | | Tech.Media,Telecoms | Banking, Financials | | Politics & General | Sports | ................................................................ MAJOR STOCK MARKET REPORTS New York Weekly outlook New York Pan-Europe Weekly outlook Europe London Weekly outlook London Tokyo ................................................................ ASIA STOCK MARKETS Pan-Asia...................... Bangkok...... Karachi........ S/east Asia. Bombay....... Kuala Lumpur... Sydney/NZ... China........ Seoul.......... Taipei...... Hong Kong.... Singapore...... Tokyo........ ................................................................ Access to some items may depend on subscription level. ................................................................ UP-TO-THE-MINUTE HEADLINES Company results Economic indicators Mergers & acquisitions Interest rates LIVE PRICES & DATA World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt HOW TO FIND INFORMATION YOU NEED | | | | | || | | | LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Australian dollar LME price overview Keywords: MARKETS AUSTRALIA STOCKS/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News, please visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.