MARKET COMMENT: S&P/ASX 200 May Consolidate Amid Earnings Reports
14 February 2013 - 10:35AM
Dow Jones News
2305 GMT [Dow Jones] Australia's S&P/ASX 200 may consolidate
amid a host of earnings reports Thursday, after hitting a fresh
34-month high of 5013.6 Wednesday and closing with a 0.9% gain.
Europe's Stoxx 600 rose 0.4% overnight as the marked focused on
improved euro-zone industrial production for December, while
looking past the 2.4% fall in December quarter industrial
production--the biggest fall in 3 years. Also, on a positive note,
the U.S. S&P 500 hit a fresh 5-year high of 1524.7 before
closing flat at 1520.33. The market will be focusing on results
from Downer (DOW.AU), Mirvac (MGR.AU), GPT (GPT.AU), Dexus (DXS.AU)
Wesfarmers (WES.AU) and Rio Tinto (RIO.AU), with Rio's results
coming after the close of trading. The S&P/ASX 200 closed
Wednesday at 5003.7. (david.rogers1@wsj.com)
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