Monday, January 20, 2014

Epic Research Singapore : U.S Market Update

The S&P/ASX 200 AU:XJO -0.21% pulled 0.2% lower to 5,297.40, with BlueScope Steel Ltd. AU:BSL -0.52% BLSFF -5.19% down 1.4%, grocer Wesfarmers Ltd. AU:WES -0.53% WFAFF +0.26% off 1%, and energy major Woodside Petroleum Ltd. AU:WPL -0.82% WOPEF -1.10% down 1.5%. However, gains for gold futures late last week pushed Newcrest Mining Ltd. AU:NCM +5.55% NCMGF +1.60% up 4.2% and Kingsgate Consolidated Ltd. AU:KCN +10.38% KSKGF -0.51% 4.7% higher, while shares of uranium extractor Paladin Energy Ltd. AU:PDN +0.89% PALAF +13.06% jumped 12% on news it was selling a 25% in a Nambian mine to a state-owned Chinese firm. 

The two largest Sydney-listed miners, BHP Billiton Ltd. AU:BHP +0.29% BHP +0.24% and Rio Tinto Ltd. AU:RIO +0.26% RIO +0.27% , also saw gains, rising 0.6% and 0.7%, respectively. Among the Chinese data due out later in the day were gross domestic product for the fourth quarter, and retail sales and industrial output for December.  

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