Australia shares seen cautious ahead of US data
Australian shares may have a softer tone at the open on Friday after US stocks edged down ahead of the payrolls report due later in the day, although major mining stocks could support the market after their US ADRs rose.
* Local share price index futures rose 5 points to 4,850, a 28.78 point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.4 percent on Thursday to break a 10-day run of gains.
* New Zealand's benchmark NZX 50 index was down 0.1 percent to 4,248.64 in early trade.
* US stocks ended lower on Thursday on a mixed bag of economic data gave more reasons for investors to be cautious ahead of the January jobs report. The Dow Jones industrial average fell 0.36 percent to 13,860.58.
* Copper dipped on Thursday, retreating from a 3-1/2 month peak as investors waited on data from the United States and China to gauge the outlook for demand. Gold fell nearly 1 percent.
* Mining stocks could find support after the US ADRs of BHP Billiton and Rio Tinto both rose 1 percent.
* Wall St eases after mixed data
* Brent crude futures settle higher, post month gain
* Gold down almost 1 percent after failing to rally
* Copper retreats after touching 3-1/2 month peak
Be the first to comment.



