Australia shares set to open flat; New Zealand up
Australian shares are expected to open
little changed on Tuesday as energy sector declines are likely
to offset gains in resources stocks.
Oil prices fell about 1% on Monday, while China’s iron ore
and coke prices rose on expectations for increased demand for
both steelmaking inputs.
The Reserve Bank of Australia is scheduled to release its
July policy meeting minutes later on Tuesday.
The local share price index futures fell 0.08%, or
little changed on Tuesday as energy sector declines are likely
to offset gains in resources stocks.
Oil prices fell about 1% on Monday, while China’s iron ore
and coke prices rose on expectations for increased demand for
both steelmaking inputs.
The Reserve Bank of Australia is scheduled to release its
July policy meeting minutes later on Tuesday.
The local share price index futures fell 0.08%, or
Posted by Reuters