daytrading oct 10 pre-market

Good morning traders,

Market news:

Dow: 11,103 -20 -0.18%
FTSE: 5,303 +12 +0.23%
Gold: 1642 -11 -0.67%
Oil: 82.87 +0.28 +0.34%
AUD/USD: 0.974

From AAP:
Australian market preview
The Australian market looks set to open lower, following Wall Street's lead of Friday but breaking last week's local positive trend.

At 0652 AEDT on Monday, the December share price index futures contract was down 26 points at 4,150.

In economic news on Monday, the ANZ job advertisements series for September are released.

No major equities news is expected.

In Australia, the market on Friday closed in the black for the third straight day, finishing the best week in more than a year as money flowed back into stocks on confidence European banks will be strengthened against a possible Greek default.

The Australian dollar was lower on Monday morning after US stocks fell on Friday following credit downgrades on Italy and Spain.

At 0630 AEDT, the local unit was trading at 97.34 US cents, down from 97.75 cents on Friday.

The benchmark S&P/ASX200 index had gained 93 points, or 2.3 per cent, to 4,162.9 and the broader All Ordinaries index climbed 92.9 points, or 2.25 per cent, to 4,225.

Stocks to watch at close on Friday:

CBD - CBD ENERGY LTD - up 1.2 cents, or 14.6 per cent, at 9.4 cents

Renewable energy company CBD Energy will buy Victorian-based energy retailer, Neighbourhood Energy, from Alinta Energy for $24.9 million.

CSV - CSG LTD - up 7.5 cents, or 7.1 per cent, at $1.13

Information technology company CSG Ltd has received new takeover interest following a $340 million takeover offer from an unnamed bidder last week.

MAP - MAP GROUP - up four cents, or 1.2 per cent, at $3.34

MAp says it has completed an asset swap agreement with a Canadian pension fund, leaving an 85 per cent stake in Sydney Airport as its sole asset.

EXS - up two cents, or 3.1 per cent, at 67 cents

Gold miner Exco Resources doesn't want to develop its Mt Colin copper and gold deposit in Queensland and may sell it.

MRM - MERMAID MARINE AUSTRALIA LTD - up three cents, or 0.96 per cent, at $3.15

Mermaid Marine's Dampier Supply Base employees have lifted a proposed ban on overtime work as the company and Maritime Union of Australia (MUA) continue to thrash out a new enterprise agreement.

QAN - QANTAS AIRWAYS LTD - up five cents, or 3.5 per cent, $1.495

The union representing customs workers says a series of national stoppages planned for next week will go ahead unless a satisfactory pay deal is reached.

SGM - SIMS METAL MANAGEMENT LTD - up 76 cents, or 6.2 per cent, at $13.05

Metal recycler Sims Metal Management says it will take advantage of current market volatility and buy back up to 10 per cent of its own shares.


Good luck with your trading!

Suzie.