Australia shares seen under pressure, eyes on data

Sun Jan 5, 2014 4:57pm EST

SYDNEY, Jan 6 (Reuters) - Australian shares are set to open
under pressure on Monday, with commodities prices dipping as
investors digested comments from Federal Reserve officials on
the central bank's stimulus program while awaiting a private
survey of China's services industry.

    * Local share price index futures rose 0.4 percent
to 5,335, which is still a 15.1-point discount to the underlying
S&P/ASX 200 index close. The benchmark slipped 0.3
percent on Friday.
    * New Zealand's benchmark NZX 50 index was nearly
flat, adding 0.8 point to 4,769.8 in early trade.
    * U.S. stocks ended a volatile session mostly flat on Friday
as investors digested comments from Federal Reserve officials
that raised questions about how quickly the central bank will
end its stimulus program.
    * Copper dipped on Friday, easing from a seven-month high as
expectations of higher supplies and concerns over Chinese growth
weighed on the market.
    * Gold rose 1 percent on Friday, rallying for a second
consecutive day with a boost from renewed fund buying and
equities' weakness after bullion posted its worst annual decline
in 2013 in more than 30 years.
    * A private PMI survey of China's services industry will be
released on Monday.
    
----------------------MARKET SNAPSHOT @ 2140 GMT ------------
                    INSTRUMENT   LAST       PCT CHG   NET CHG
S&P 500                   1831.37     -0.03%    -0.610
USD/JPY                   104.83       0.05%     0.050
10-YR US TSY YLD     3.0004          --     0.000
SPOT GOLD                 1237.46      0.00%     0.000
US CRUDE                  93.96       -1.55%    -1.480
DOW JONES                 16469.99     0.17%     28.64
ASIA ADRS                147.11      -0.24%     -0.36
-------------------------------------------------------------   
                                                        
  * Wall St closes flat after Fed comments                 
  * Crude oil extends losses; traders anticipate Libyan supply  
                                            
  * Gold up 1 pct, extending rally after sharp 2013 losses 
  * Copper eases from seven-month high as supply surplus looms  
                                         
    
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 (Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 
4234)
        

 (Reporting by Maggie Lu Yueyang; Editing by Chris Reese)