Australia shares seen higher, cyclone may cap gains

Thu Jan 10, 2013 5:06pm EST

SYDNEY, Jan 11 (Reuters) - Australian shares may extend
gains on Friday, tracking a global rally on better-than-expected
Chinese trade data, though major iron ore miners and oil
producers may be affected after shutting down some operations
due to an approaching cyclone.
    
    * Local stock index futures added 0.2 percent to 4,703.0,  a
20 point discount to the underlying S&P/ASX 200 index.
The benchmark rose 0.3 percent on Thursday to 4,723.0.     
    * New Zealand's benchmark NZX 50 index inched down
0.1 percent to 4,115.2 in early trade.    
    * U.S. stocks rose on Thursday and the S&P 500 ended at a
five-year high as stronger-than-expected exports from China
spurred optimism about global growth prospects. 
    * Copper rose on Thursday due to a weak dollar and strong
export figures from the metal's top consumer China, which
boosted prospects for a recovery in demand. 
    * China's exports in December grew 14.1 percent from a year
earlier to hit a seven-month peak, data showed, trouncing market
expectations for 4 percent growth.       
    * Rio Tinto , the world's second-largest
iron ore producer, has suspended ship loading at key export
terminals as Australia's first cyclone of the storm season is
intensifying off the country's northwest coast. 
     Woodside Petroleum, Apache Corp and BHP
Billiton  are disconnecting oil production
vessels from offshore fields. 
    * Billabong International is due to announce a
major organizational restructure on Friday. A consortium has
made a takeover bid for the company and is currently conducting
due diligence checks.

----------------------MARKET SNAPSHOT @ 2131 GMT ------------
                    INSTRUMENT   LAST       PCT CHG   NET CHG
S&P 500                   1472.12      0.76%    11.100
USD/JPY                   88.59        0.82%     0.720
10-YR US TSY YLD     1.8993          --     0.039
SPOT GOLD                 1673.59      0.98%    16.300
US CRUDE                  93.82        0.77%     0.720
DOW JONES                 13471.22     0.60%     80.71
ASIA ADRS                135.22       1.31%      1.75
-------------------------------------------------------------   
                                                   
 
  * Wall St climbs as China data put S&P back at 5-yr high 
  * Oil rises after Saudi Arabia cuts output              
  * Gold tops $1,675 on ECB comments; PGMs up on China   
  * Copper up on weak dlr, strong Chinese export data   
    
    For a digest of the day's business stories in Australian 
newspapers, double click on    

 (Reporting by Maggie Lu Yueyang; Editing by John Mair)
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