MARKET COMMENT: S&P/ASX 200 Set to Reach Fresh Multiyear Highs
19 Febrero 2013 - 5:23PM
Noticias Dow Jones
2252 GMT [Dow Jones] Australia's S&P/ASX 200 is poised to
hit a fresh multiyear high Wednesday, as a sharp improvement in
German investor sentiment and merger-and-acquisition speculation in
the U.S. fueled a 1.1% gain in Europe's Stoxx 600 and 0.7% rise in
the S&P 500. Any rise could be magnified by strength in BHP
(BHP.AU). Analysts are predicting a positive reaction to the news
that Andrew Mackenzie, the current head of BHP's non-ferrous metals
division, will replace Marius Kloppers when he retires as CEO from
May 10. The market will also be dissecting results from BHP,
Woodside (WPL.AU), Woodside (WPL.AU), Fortescue (FMG.AU), Suncorp
(SUN.AU), Toll TOL.AU) and Aurizon (AZJ.AU). Germany's ZEW investor
sentiment index for January jumped to a 48.2, its highest level in
almost three years. Office Depot and OfficeMax surged after The
Wall Street Journal reported that the two office supply retailers
were in merger talks. Commodity prices were mixed overnight--LME
prices continued to weaken, with spot gold down 0.3%, nickel 2.3%
lower, and copper falling 0.8%. Spot iron ore jumped 0.5% to US$158
and Nymex crude oil rose 0.8%. (david.rogers1@wsj.com)
Write to Shani Raja at shani.raja@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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