Australia Shares Pull Back on Soft China Data, Gold Miners Jump

1
BLACK HAWK MINES BULLETIN
2
Australia Shares Pull Back on Soft China Data,
Gold Miners Jump

• SYDNEY, Jan 3 (Reuters) - Australian shares fell
  0.7 percent on Friday, with big banks and miners
  weighing as investors took profits at the index's
  6-week highs after seeing signs weakness in
  Chinese manufacturing data.

3

• China's factory activity slowed in December,
  official and private manufacturing surveys
  showed, reinforcing views that growth in the
  world's second-largest economy moderated in the
  final quarter of 2013.
• "We saw that Chinese PMI number yesterday was a
  little bit lower than expected, so expect the
  material base to trade a bit weaker today," said
  Simon Twiss, a dealer at Arnhem Investment
  Management.

4

• Top miners BHP Billiton Ltd and Rio Tinto Ltd
  fell 1.2 percent and 0.6 percent respectively.
  Fortescue Metals Group Ltd lost 1.8 percent.
• The SP/ASX 200 index lost 34.9 points to 5,333.0
  by 0020 GMT. The benchmark rose 0.3 percent on
  Thursday, touching a six-week high.
• The market tracked the weakness on Wall Street,
  which close lower on the first day of trading in
  2014.

5

• "Rising US bond yields are perhaps providing
  stock investors with some pause," said Ric
  Spooner, chief market analyst at CMC Markets.
• "One of the key issues for markets over coming
  months will be whether the Fed can exit from its
  QE strategy without pushing bond yields too high
  and so dampening the outlook for economic and
  profit growth," he said.
• Australia's big four banks all pulled back. Top
  lender Commonwealth Bank of Australia slipped 0.7
  percent, while both Westpac Banking Corp and
  National Australia Bank fell 0.8 percent.

6

• Gold miners bucked the market trend and traded
  higher after gold prices jumped nearly 2 percent
  overnight. Newcrest Mining Ltd and Regis
  Resources Ltd, the biggest gold names on the ASX
  market, gained 0.1 percent and 1.0 percent
  respectively. Silver Lake Resources Ltd jumped
  8.2 percent, making it the biggest winner on the
  index.

7

• Telstra Corp Ltd, the country's biggest phone
  company, edged up 0.1 percent. New Zealand's
  benchmark NZX 50 index rose 0.3 percent to
  4,752.3 following a two-day holiday.
• http//promotion.blackhawk-mining.com/
• https//www.facebook.com/BlackHawkMinesBulletin
• http//www.linkedin.com/groups/Blackhawk-Mines-Cor
  p-wakkyped-4584760