Australia shares set to gain on iron ore, copper miners; NZ down
Australian shares are set to open higher
on Wednesday, likely boosted by copper and iron ore miners on
the back of stronger commodity prices, although gains may be
capped by the energy sector amid falling crude prices.
Prices of iron ore rose overnight as one of China’s top
steel making cities lifted a smog alert and commenced operation,
stoking hope of higher demand for the commodity. Copper prices
also amid falling inventories.
The local share p
on Wednesday, likely boosted by copper and iron ore miners on
the back of stronger commodity prices, although gains may be
capped by the energy sector amid falling crude prices.
Prices of iron ore rose overnight as one of China’s top
steel making cities lifted a smog alert and commenced operation,
stoking hope of higher demand for the commodity. Copper prices
also amid falling inventories.
The local share p
Posted by Reuters