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Australia shares set for slow start; NZ steady
September 10, 2017 / 10:19 PM / 10 days ago

Australia shares set for slow start; NZ steady

    Sept 11 (Reuters) - Australian shares are set for a slow
start on Monday, in line with a disappointing finish on Wall
Street in the previous session after investors braced for
potential damage from Hurricane Irma as it drove toward Florida.
    Sentiment is expected to be dampened further by weak
commodity prices as steel and iron ore futures in China slipped,
U.S. crude prices tumbled more than 3 percent and copper slumped
on profit-taking on Friday.                          
    The local share price index futures          fell 0.03
percent or 2 points to 5667, a 5.62-point discount to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.3 percent on Friday.
    New Zealand's benchmark S&P/NZX 50 index         was flat in
early trade.
    
       

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Peter
Cooney)
  
 
 

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