SYDNEY, Oct 25 (Reuters) - Australian shares are seen
drifting lower on Monday as the lack of a clear lead from
overseas markets, continued worries over China's growth after a
rate hike, and uncertainty over Australia's mining tax could keep
investors sidelined.
* Stock index futures eased 0.1 percent to 4645.0, a
3.2
point discount to the underlying benchmark's close on Friday. The S&P/ASX 200 index gained 0.6 percent on Friday.
* Markets may find some mild encouragement from the weekend meeting of the Group of 20 major economies after they agreed to shun competitive currency devaluations. That was more than many had hoped for. However, the meeting resulted in no major policy initiatives.
* Bourse operator ASX is likely to be in focus after a source said Singapore Exchange is likely to offer as much as A$8.4 billion ($8.3 billion), which would be a 38 percent premium, for its Australian rival.
* Markets could also keep an eye on Reserve Bank of Australia Governor Glenn Stevens as he speaks about the long-term prospects of the nation's economy
* Macarthur Coal reports September quarter sales figures. In the June quarter, the firm reported an 11 percent year-on-year sales drop.
* New Zealand markets are closed for a public holiday on Monday.
----------------------MARKET SNAPSHOT @ 2113 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1183.08 0.24% 2.820 USD/JPY 81.27 0.05% 0.040
10-YR US TSY YLD 2.5614 -
0.000 SPOT GOLD 1327.2 0.00% 0.000 US CRUDE 81.87 1.63% 1.130 DOW JONES 11132.56 -0.13% -14.01 ASIA ADRS 132.52 0.26% 0.35
* Wall St posts third straight weekly gain
* Oil up in thin trade on German data, dollar
* Gold sets first decline in 12 weeks; G20 in focus
* Copper ends up, gains capped by caution before G20
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))
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 2010. 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.
* Stock index futures eased 0.1 percent to 4645.0, a
3.2
point discount to the underlying benchmark's close on Friday. The S&P/ASX 200 index gained 0.6 percent on Friday.
* Markets may find some mild encouragement from the weekend meeting of the Group of 20 major economies after they agreed to shun competitive currency devaluations. That was more than many had hoped for. However, the meeting resulted in no major policy initiatives.
* Bourse operator ASX is likely to be in focus after a source said Singapore Exchange is likely to offer as much as A$8.4 billion ($8.3 billion), which would be a 38 percent premium, for its Australian rival.
* Markets could also keep an eye on Reserve Bank of Australia Governor Glenn Stevens as he speaks about the long-term prospects of the nation's economy
* Macarthur Coal reports September quarter sales figures. In the June quarter, the firm reported an 11 percent year-on-year sales drop.
* New Zealand markets are closed for a public holiday on Monday.
----------------------MARKET SNAPSHOT @ 2113 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 1183.08 0.24% 2.820 USD/JPY 81.27 0.05% 0.040
10-YR US TSY YLD 2.5614 -
0.000 SPOT GOLD 1327.2 0.00% 0.000 US CRUDE 81.87 1.63% 1.130 DOW JONES 11132.56 -0.13% -14.01 ASIA ADRS 132.52 0.26% 0.35
* Wall St posts third straight weekly gain
* Oil up in thin trade on German data, dollar
* Gold sets first decline in 12 weeks; G20 in focus
* Copper ends up, gains capped by caution before G20
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))
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 2010. 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.