Quiet open in store for ASX Australian shares appear poised for a quiet open on Tuesday, following Monday's QBE Insurance led sell-off. SPI futures up 1 point to 5,144. AUD fetching 90.92 US cents, 93.89 yen, 66.25 euro cents, 55.39 pence On Wall St (in mid-afternoon trade), S&P500 +0.3%, Dow Jones +0.2%, Nasdaq +0.2% In Europe, Eurostoxx +0.3%, FTSE100 +0.1%, CAC +0.1%, DAX +0.3% Spot gold rises 0.5% to $US1235.11 an ounce Brent oil falls 1.5% to $US109.92 per barrel Iron ore gains 0.1% to $US139.40 per tonne Despite the recent negative news from QBE and Qantas, Deutsche Bank sees lots of potential in the market. Among its buy-rated stocks are Asciano, Aristocrat, ANZ, BHP, Lend Lease, Myer, Oil Search, Orica, QBE, Rio Tinto, Santos, Toll and Woolworths. Recent consolidation in Australia's petroleum industry has prompted the owners of ANZ Terminals to launch a sale process which they hope will fetch as much as $500 million, according to The Australian Financial Review's Street Talk column. Street Talk also is reporting this morning that aged care provider Japara Holdings will be pitched as Australia's version of red-hot Kiwi stocks Ryman Healthcare and Summerset Group, when initial public offering marketing gets under way in the new year. Deutsche Bank has a "buy" recommendation on Flight Centre with a 12-month price target of $60.00 after the Federal Court upheld the Australian Competition and Consumer Commission's test case against the company. Investors will be able to start buying and selling managed funds on the ASX from early next year with the local bourse hopeful that it will receive the regulatory greenlight in the coming weeks, the AFR reports. On currency markets, the Australian dollar is at 90.94 US cents at 4.59am AEST, compared with 90.90 US cents at Monday's local close. The euro has risen to a six-week high against the US dollar and a five-year peak versus the yen, helped by tighter money market conditions in the euro zone and strong trade numbers from China. On Wall Street, shares are modestly higher. The Dow Jones Industrial Average is up 0.18 per cent, the Standard & Poor's 500 is up 0.27 per cent and the Nasdaq has gained 0.16 per cent. A key focus this week will be speeches and comments by a number of top US central bank officials. On Monday alone, three regional Fed presidents are on deck. Richmond Fed president Jeffrey Lacker said pressing on with the Fed's $US85-billion-a-month bond buying program will do little to help an economy being held back by slow growth in population and productivity. In the wake of a slew of positive economic reports culminating with last Friday's payrolls report, investors are looking for the Fed to begin to taper as early as January. Policymakers will meet next week for their final time this calendar year. European main stock markets have drifted upwards as traders focused on the outlook for US stimulus and digested data from the eurozone's biggest economies, Germany - where industrial output faltered - and France. Heavyweight miners fell, while shares in Europe's biggest bank HSBC slipped as a report circulated that it was considering a float of its British arm. London's benchmark FTSE 100 index ended Monday up 0.11 per cent at 6,559.48 points and the CAC 40 in Paris also added 0.11 per cent to 4,134.1 points.Frankfurt's DAX 30 rose 0.25 per cent to 9,195.17 points despite official data showing German industrial production shrank again in October, with economic activity down in all major sectors. On commodities markets, nickel prices have shot up to the highest levels in a month because of worries about the impact of a planned Indonesian ban on ore exports while copper rose due to upbeat Chinese trade data. Three month nickel was the best performer of base metals on the London Metal Exchange, closing 1.4 per cent higher at $US13,955 a tonne after touching the highest level since November 8. On Monday, the benchmark S&P/ASX 200 Index fell 41.6 points, or 0.8 per cent, to 5144.4, with QBE the biggest drag on the bourse, diving more than 22 per cent following a profit warning. Qantas Airways lost 3.4 per cent to 99.5 cents on Monday, closing below $1 for the first time in 17 months, after it announced the closure of Jetstar's Darwin base. Financial Review, Reuters and AFP