April 18 Australian shares are expected to inch
lower on Tuesday after a long Easter weekend as commodity prices
took a beating on worries over a supply glut.
Steel and iron ore prices extended losses, after China
produced record steel volume in March, stirring concerns about a
Crude oil prices fell on news of rising U.S. shale
production and profit taking following three straight weeks of
The local share price index futures fell 15 points,
or 0.3 percent, to 5852, a 37.95-point discount to the
underlying S&P/ASX 200 index close. The benchmark fell
0.8 percent on Thursday.
New Zealand's benchmark S&P/NZX 50 index was flat in
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(Reporting by Hanna Paul in Bengaluru; Editing by Cynthia