Reuters logo
Australia shares to open lower on lagging materials; NZ down
April 12, 2017 / 10:12 PM / 5 months ago

Australia shares to open lower on lagging materials; NZ down

    April 13 (Reuters) - Australian shares are expected to open
lower on Thursday, with falling commodity prices weighing down
materials and energy stocks.
    Oil futures fell on Wednesday after U.S. crude inventory
data suggested the market was still heavily supplied, while
Chinese iron ore and steel futures fell on fears of a supply
glut.                 
    Stocks are also expected to track Wall Street, which fell on
pressure from lingering geopolitical concerns and President
Donald Trump's comments on the dollar and interest rates.     
    The local share price index futures          fell 31 points,
or 0.5 percent, to 5896, a 38-point discount to the underlying
S&P/ASX 200 index         close. The benchmark rose 0.1 percent
on Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.04
percent in early trade.
    
For a summary of overnight action across global markets, double
click on          
       
For a digest of the day's business stories in Australian 
newspapers, double click on            

 (Reporting by Ambar Warrick in Bengaluru; Editing by Leslie
Adler)
  
 
 

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below