Reuters logo
Australia shares set to edge up; NZ rises
February 12, 2017 / 9:13 PM / 10 months ago

Australia shares set to edge up; NZ rises

    Feb 13 (Reuters) - Australian shares are set to inch higher
on Monday, mirroring Wall Street, with miners poised to rise due
to strong gains in iron ore prices.
    Chinese iron ore futures jumped nearly 8 percent on Friday
to their highest in three years. They were buoyed by news that
January imports surged in a sign of a sharp uptick in demand
from steel mills as the world's second-biggest economy picked up
steam.           
    The local share price index futures          rose 0.2
percent to 5,677, a 43.61-point discount to the underlying
S&P/ASX 200 index         close. The benchmark closed up 1
percent to 5,720.61 points on Friday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.1
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 Shashwat Pradhan in Bengaluru; Editing by Alison
Williams)
  
 
 

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