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Australian shares outlook - Higher led by resources on commodity price gains.
(From AFX Europe (Focus))
SYDNEY (XFN-ASIA) - Share prices are expected to open modestly higher led by the resources sector with gains likely tempered by a weaker close on Wall Street where investors sold stocks overnight as they shrugged off comments about productivity by Federal Reserve chairman Ben Bernanke and awaited the government's August employment report.
The S&P/ASX 200 September futures contract ended its overnight session up 7.0 points at 5,111.0, indicating a mildly positive start to trading.
Yesterday, the S&P/ASX 200 rose 48.1 points or 0.95 pct to close at 5,115.4 while the All Ordinaries index advanced 47.6 points to settle at 5,079.8.
In New York, the Dow Jones Industrial Average closed down 1.76 points at 11,381.15. News Corp added 0.35 pct while National Australia Bank's American Depositary Receipts rose 0.11 pct.
In London, share prices closed weaker ahead of the US jobs report due later today. BHP Billiton slipped 0.99 pct while Rio Tinto lost 0.82 pct.
Base metal ...
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