Australia shares set to open higher, NZ down
Australian shares are expected to rise
on Wednesday, with mining stocks likely to gain on the back of
rising iron ore and base metal prices.
China’s iron ore futures surged on Tuesday on expectations
that major miners will be unable to expand production to meet
robust demand.
The local share price index futures edged up 0.2%,
or 12 points, to 6,565 at 2207 GMT, a premium of 18.7 points to
the underlying S&P/ASX 200 index close. The benc
on Wednesday, with mining stocks likely to gain on the back of
rising iron ore and base metal prices.
China’s iron ore futures surged on Tuesday on expectations
that major miners will be unable to expand production to meet
robust demand.
The local share price index futures edged up 0.2%,
or 12 points, to 6,565 at 2207 GMT, a premium of 18.7 points to
the underlying S&P/ASX 200 index close. The benc
Posted by Reuters
