Financial Markets, Stocks & Commodities

Australian reports

• Aust markets: Local stocks expected to open lower
• Aust dollar report: $A opens lower as US jobless rate soars
• Aust credit close: Bonds stronger ahead of US jobs data

World reports

• World commodities: Oil, gold prices fall
• World markets: US stocks sharply down

Stocks to watch

BHP, FRS, MTH, NHF, STO, ESG, RIO, NAB, BOQ, WBC, PLB, BEN, WBA,

Austrian Airlines to cut 1,000 jobs

Austrian Airlines said it would cut 1,000 jobs following record losses in 2008.

Rio seeks subscribers for rights issue

Rio Tinto has requested a trading halt on its shares as it seeks subscribers for a shortfall in its Australian rights issue.

GM bankruptcy exit hearing closes

The fate of General Motors has been placed in the hands of a judge who must decide whether the US carmaker can execute a swift exit from bankruptcy protection.

Overseas Stocks - July 3

AAP 09:27AM NEW YORK:Abbott Labs 46.28, Abercrombie 23.98, ADC Telecom 7.59, Adobe Systems 27.64, Advantest Corp 18.00, Aetna Inc 24.05, AFFL Computer 43.40, AFLAC Inc 29.43, Alcatel-Lucent 2....

Sims Metal buys US recycler

SYDNEY, July 3 AAP 09:22AM Metal recycler Sims Metal Management Ltd has bought US recycler Fairless Iron & Metal for an undisclosed amount.

Tiwai Pt aluminium smelter disputes $NZ10m power bill

AAP 09:18AM NZ Rio