Australia shares poised to slip on mining stocks; NZ inches up

Australian shares are set to open lower
on Monday, with the benchmark’s heavyweight iron ore miners
likely to trade lower following a drop in prices of the
steelmaking commodity over the weekend.
Chinese iron ore futures fell as much as 1.3% to 633 yuan
per tonne on Friday, amid uncertainties over demand from China.
Gold prices also traded lower, which is likely to add to
pressure on miners of the safe-haven metal.
The local share price index futures