Australia shares to start lower as iron ore miners likely to weigh; NZ down
Australian shares are set to open lower
on Friday in thin holiday trade, with the mining sector seen
weighing on the benchmark on lower iron ore prices.
Dalian Commodity Exchange’s most-traded iron ore contract
, with May 2020 expiry, fell as much as 2% on Thursday
— its weakest since Dec. 9.
The local share price index futures fell 0.074%, an
84.2-point discount to the underlying S&P/ASX 200 index
close. The benchmark ended up 0.1% on Tue
on Friday in thin holiday trade, with the mining sector seen
weighing on the benchmark on lower iron ore prices.
Dalian Commodity Exchange’s most-traded iron ore contract
, with May 2020 expiry, fell as much as 2% on Thursday
— its weakest since Dec. 9.
The local share price index futures fell 0.074%, an
84.2-point discount to the underlying S&P/ASX 200 index
close. The benchmark ended up 0.1% on Tue
Posted by Reuters
