daytrading oct 6 pre-market

Good morning traders,

Market news:

Dow: 10940 +131 +1.21%
FTSE: 5102 +158 +3.19%
Gold: 1642 +26 +1.61%
Oil: 79.80 +4.13 +5.46%
AUD/USD: 0.965

From AAP:
The Australian market looks set to open higher on Thursday after the major markets in Europe and Wall Street gained overnight.

At 0647 AEDT on Thursday, the December share price index futures contract was up 74 points at 4,009.

No major economic news is expected on Thursday.

In equities news, Airbus holds a briefing on the current market outlook, while ANZ chief information officer Anne Weatherston is scheduled to address a Committee of Economic Development of Australia luncheon.

In Australia, the market on Wednesday staged a late rally to close firmly in the black after a similar surge on Wall Street and higher commodities prices boosted resources and financial stocks.

The benchmark S&P/ASX200 index closed up 54.4 points, or 1.4 per cent, at 3,926.5 while the broader All Ordinaries index added 56.9 points, or 1.45 per cent, to 3,992.5.


From news.com.au:
US stocks close higher on economic reports

US stocks closed higher overnight after rising sharply in late trading on reports that cast a better-than-expected light on the US economy and increased optimism that Europe would recapitalise banks.


From AAP:
Stocks to watch:

AAI - ALCOA INC - untraded at $10.50

EPW - ERM POWER LTD - untraded at $1.355

Gas-fired power supplier ERM Power has entered into a joint-venture gas supply agreement to sell 15,000 terajoules (one terajoule equals one trillion joules) of gas to Alcoa Australia from November 12, 2012.

CCA - COCA-COLA AMATIL LTD - up 0.15 cents at 47.4 cents

FGL - FOSTER'S GROUP LTD - up one cent at $5.29

Soft drink maker Coca-Cola Amatil has a high expectation of acquiring the spirits, ready-to-drink mixed spirits and non-alcoholic brands of brewer Foster's Group.

COF - COFFEY INTERNATIONAL LTD - in trading halt, last traded at 46 cents

Engineering firm Coffey International says it will issue about $40 million in new shares to pay down debt.

CQO - CHARTER HALL OFFICE REIT - up three cents, or 0.9 per cent, at $3.30

CHC - CHARTER HALL GROUP - up 5.5 cents, or 3.4 per cent, at $1.685

MQG - MACQUARIE GROUP LTD - up 28 cents, or 1.4 per cent, at $21.08

A Macquarie Group-led consortium has increased its offer for office building owner Charter Hall Office Real Estate Investment Trust (REIT).

LEI - LEIGHTON HOLDINGS - up 64 cents, or 3.5 per cent, at $18.81

A health and safety audit of Brisbane's Airport Link tunnel did not identify any serious safety issues, constructor Thiess John Holland said.

NHC - NEW HOPE CORPORATION LTD - up 81 cents, or 15.3 per cent, at $6.10

SOL - WASHINGTON H SOUL PATTINSON & CO LTD - up 99 cents, or 7.8 per cent, at $13.64

Coal miner New Hope Corporation has called for formal takeover proposals after receiving several preliminary offers.

Washington H Soul Pattinson owns about 60 per cent of New Hope.

ORI - ORICA LTD - up 36 cents, or 1.6 per cent, at $22.76

Companies responsible for pollution breaches will have to report them immediately or face a $2 million fine, the NSW government said as it released a report into a Newcastle chemical spill.

QAN - QANTAS AIRWAYS LTD - steady at $1.375

The aircraft engineers' union has questioned the authenticity of death threats sent to senior management at national carrier Qantas, suggesting they may have been concocted to garner public sympathy.

SGP - STOCKLAND - up one cent at $2.97

Developer Stockland says it has changed the way it will pay its executive committee in relation to short term incentives.

WES - WESFARMERS LTD - down three cents, at $30.01

Wesfarmers has appointed Dene Rogers, who has been a senior executive at North American retail giant Sears, as managing director of its discount department store chain Target.



Good luck with your trading!

Suzie.