SYDNEY, Nov 29 (Reuters) - Australian stocks are seen lower
on Monday on weak commodity prices and as investors prefer safer
assets on concerns over euro-zone debt problems.
* Stock index futures were 21 points lower at 4,577, a 22.3 point discount to the underlying S&P/ASX 200 index .
* Commodity-related shares led U.S. stocks lower on Friday in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.
* The EU approved an 85 billion euro ($115 billion) rescue package for Ireland on Sunday and outlined a permanent system to resolve Europe's debt crisis, in which investors could gradually share the cost of any future default.
Finance ministers from the 16-nation euro zone, anxious to prevent market contagion engulfing Portugal and Spain, unanimously endorsed an emergency loan package to help Dublin cover bad bank debts and bridge a huge budget deficit.
* Copper fell amid thin trading on Friday as the euro zone debt crisis boosted the dollar and fear of interest-rate hikes in China stoked worries about demand from the world's top metals buyer.
* New Zealand's benchmark NZX 50 index slipped 0.3 percent to 3,253.43 in early trade.
----------------------MARKET SNAPSHOT @ 2214 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1189.4 -0.75% -8.950
USD/JPY 84 -0.02% -0.020
10-YR US TSY YLD 2.8699 -
0.000
SPOT GOLD 1361.73 0.00% 0.000
US CRUDE 83.76 -0.12% -0.100
DOW JONES 11092.00 -0.85% -95.28
ASIA ADRS 133.29 -1.65% -2.23
* Materials lead Wall St slide on euro--debt woes
* U.S. oil dips on euro woes in thin volume trade
* Gold down in thin trade; poised for more drops
* Copper falls on firm dollar, China demand worry
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 were 21 points lower at 4,577, a 22.3 point discount to the underlying S&P/ASX 200 index .
* Commodity-related shares led U.S. stocks lower on Friday in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.
* The EU approved an 85 billion euro ($115 billion) rescue package for Ireland on Sunday and outlined a permanent system to resolve Europe's debt crisis, in which investors could gradually share the cost of any future default.
Finance ministers from the 16-nation euro zone, anxious to prevent market contagion engulfing Portugal and Spain, unanimously endorsed an emergency loan package to help Dublin cover bad bank debts and bridge a huge budget deficit.
* Copper fell amid thin trading on Friday as the euro zone debt crisis boosted the dollar and fear of interest-rate hikes in China stoked worries about demand from the world's top metals buyer.
* New Zealand's benchmark NZX 50 index slipped 0.3 percent to 3,253.43 in early trade.
----------------------MARKET SNAPSHOT @ 2214 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1189.4 -0.75% -8.950
USD/JPY 84 -0.02% -0.020
10-YR US TSY YLD 2.8699 -
0.000
SPOT GOLD 1361.73 0.00% 0.000
US CRUDE 83.76 -0.12% -0.100
DOW JONES 11092.00 -0.85% -95.28
ASIA ADRS 133.29 -1.65% -2.23
* Materials lead Wall St slide on euro--debt woes
* U.S. oil dips on euro woes in thin volume trade
* Gold down in thin trade; poised for more drops
* Copper falls on firm dollar, China demand worry
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.