Markets Live: BHP spikes on demerger

The bank was performing well, but sections of the Australian economy were “softer than expected,” said ANZ boss Mike Smith. 9:06am: Local shares are poised to extend their advance, bolstered by generally positive sentiment from both Europe and the US, as a busy week to earnings comes to an end. • On Wall St, S&P 500 +0. 4%, Dow +0. 4%, Nasdaq +0. • In Europe, Euro Stoxx 50 +0. 1%, FTSE +0. 4%, CAC +0. 3%, DAX +0. • Spot gold rose 2 US cents to $US1312. • Brent oil down $US2. 27 to $US102. • No local economic reports are schedule. • Goodman Group cut to neutral vs overweight at JP Morgan; price target $5. 41. • STW Comms cut to hold from buy at Bell Potter; PT $1. 45. • Carlyle Group may bid for Treasury Wine Estates, says AFR; meanwhile Deutsche Bank has given a “hold” recommendation and a target price of $5. 20. • Origin Energy is set to defer a $1 billion rights issue, leaving AGL Energy as the sole utilities raiser when the two companies present their profit numbers next week, according to the Street Talk column in the AFR. • Morgan Stanley has an “overweight” recommendation on Primary Health Care and a $5. 76 target price. 9:06am: Good morning and welcome to the Markets Live blog for Friday.

Read more here: SMH


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