Jan 23 Australian shares are likely to edge
lower on Thursday, tracking Wall Street, which saw losses after
the U.S. Federal Reserve's latest meeting showed many
policymakers are of the view that an interest rate hike may come
The minutes of the Jan. 31-Feb. 1 discussion, at which the
U.S. central bank kept rates unchanged, also showed the depth of
uncertainty at the Fed over the new Trump administration's
Energy shares are expected to be under pressure as oil
prices fell overnight on expectations of another surge in U.S.
On the other hand, a weaker U.S. dollar will lift commodity
prices, helping gold and copper stocks, while iron miners might
gain as Chinese iron ore futures stayed near record highs.
The local share price index futures fell 0.2
percent to 5,758 points, a 47.099-point discount to the
underlying S&P/ASX 200 index close. The benchmark rose
0.24 percent and snapped a three-day losing streak in the
Investors will be also looking out for earnings of companies
like Qantas Airways , Alumina Ltd and Ramsay
Health Care .
New Zealand's benchmark S&P/NZX 50 index was flat at
7,061.59 points in early trade.
(Reporting by Suhail Hassan Bhat in Bengaluru; Editing by Hugh