December 17, 2015 / 9:39 PM / 2 years ago

Australian shares seen opening lower as commodity weakness hits resources

SYDNEY, Dec 18 (Reuters) - Australian shares are expected to
open lower on Friday as increasingly gloomy forecasts about the
prices of oil and iron ore weigh on energy and mining stocks.
    The local share price index futures were down 42.0
points or 0.8 percent at 5,013.0, an 89-point discount to the
underlying S&P/ASX 200 index close. On Thursday, the
benchmark ended up 73.55 points or 1.5 percent at 5,102.0 at the
close of trade.
    New Zealand's benchmark NZX 50 index was up 11.3
points or 0.2 percent at 6,099.6 in early trade.
    
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 (Reporting by Byron Kaye; Editing by Kevin Liffey)

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