27 May Australia shares to edge lower; NZ down
May 29 (Reuters) – Australian shares were poised to slide
marginally on Tuesday, as energy stocks appeared likely to take
a beating from sinking oil prices, while investors may take
comfort from a slight recovery in iron-ore futures.
The local share price index futures fell 0.2
percent, a 14-point discount to the underlying S&P/ASX 200 index
close. The benchmark shed half a percent on Monday.
New Zealand’s benchmark S&P/NZX 50 index edged 0.2
percent lower to
marginally on Tuesday, as energy stocks appeared likely to take
a beating from sinking oil prices, while investors may take
comfort from a slight recovery in iron-ore futures.
The local share price index futures fell 0.2
percent, a 14-point discount to the underlying S&P/ASX 200 index
close. The benchmark shed half a percent on Monday.
New Zealand’s benchmark S&P/NZX 50 index edged 0.2
percent lower to
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