The downturn in the mining sector weighed on Downerâ€™s performance this past year. 9:07am: Local shares are positioned for slight gains at the opening on a positive lead from Wall Street ahead of the RBA‘s latest rates decision and policy statement. • AUD at 93. 30 US cents, 95. 73 Japanese yen, 69. 55 Euro cents and 55. 37 British pence. • On Wall St, S&P 500 -0. 3%, Dow -0. 4%, Nasdaq -0. • In Europe, Euro Stoxx 50 -0. 1%, FTSE -0. 02%, CAC +0. 3%, DAX -0. • Spot gold down 0. 4% to $US1288. • Iron ore adds 0. 2% to $US95. • US Markit services PMI, composite PMI. • Ausdrill shares have been suspended from trading pending an announcement on a writedown. • Sirtex raised to buy vs hold at Moelis; price target $23. • Cheung Kongâ€™s camp is busily calling hedge funds in an effort to shake loose an additional $600 million worth of Envestra stock in time for Fridayâ€™s 7pm deadline. • Leighton Properties has drawn a thin field of domestic suitors with Mirvac and Stockland, the only sizeable local groups battling it out for the real estate portfolio. • CIMB has an “add” recommendation on global miner Rio Tinto and an $84 target price. • Credit Suisse has an “outperform” rating on National Australia Bank and a $38. 00 target price. 9:07am: Good morning and welcome to the Markets Live blog for Tuesday.
In fiscal 2013, Transurban delivered a 5. 6 per cent rise in proportionate EBITDA to $828 million, and a 3. 5 per cent rise in statutory revenues to $1. 2 billion. 9:27am: US stocks rose, with the Standard & Poorâ€™s 500 Index rebounding from the biggest weekly loss in two years, as Portugal announced a bailout for Banco Espirito Santo and Berkshire Hathaway beat earnings estimates. The S&P 500 rose 0. 7 percent to 1,938. The Dow Jones added 75. 91 points, or 0. 5 percent, to 16,569, after erasing its gain for the year last week. “Weâ€™re seeing a reprieve of geopolitical concerns,” Chad Morganlander, a money manager at St.
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