Australia shares seen cautious ahead of earnings results

Australian shares are likely to open hesitantly after Wall

Street edged higher but with investors scrutinising a string of

earnings results due out on Thursday.

* Local share price index futures rose 19 points

to 5,625, a 9.6-point discount to the underlying S&P/ASX 200

index close. The benchmark rose 10.8 points at close of

trade on Wednesday

* New Zealand's benchmark NZX 50 index fell 10.8

points to 5,129.5 in early trade.

* U.S. stocks ended mostly higher after the Federal

Reserve's July meeting boosted confidence amonong investors that

the central bank is in no rush to raise interest rates.

* Metals were mixed overnight with copper hitting a one-week

high on robust U.S. housing data, while gold retreated after the

dollar rallied.

* The following companies will release results, ASX

, Asciano, Treasury Wine Estates,

Mirvac, MMG Ltd, Alumina Ltd, Origin

Energy, SAI Global.

----------------------MARKET SNAPSHOT @ 2326 GMT ------------


S&P 500 1986.51 0.25% 4.910

USD/JPY 103.67 -0.06% -0.060

10-YR US TSY YLD 2.4281 -- 0.000

SPOT GOLD 1289.76 -0.17% -2.180

US CRUDE 93.61 0.17% 0.160

DOW JONES 16979.13 0.35% 59.54

ASIA ADRS 154.34 -0.19% -0.29


* Dow, S&P500 rise after Fed minutes reassure on rates

* Crude jumps ahead of expiry, inventory drop supports

* Gold falls as dollar jumps after Fed minutes

* Copper at week-high on robust U.S. housing dat

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