09 Sep Australia shares likely to open slightly higher on gains by iron ore miners
Australian shares are expected to open
slightly higher on Wednesday, helped by gains in iron ore miners
that will likely offset declines in tech and energy stocks.
Chinese iron ore futures rose on Tuesday on expectations of
more economic stimulus measures from the government that would
boost steel demand.
The local share price index futures rose 0.257%, a
19.9-point premium to the underlying S&P/ASX 200 index
close. The benchmark fell 0
slightly higher on Wednesday, helped by gains in iron ore miners
that will likely offset declines in tech and energy stocks.
Chinese iron ore futures rose on Tuesday on expectations of
more economic stimulus measures from the government that would
boost steel demand.
The local share price index futures rose 0.257%, a
19.9-point premium to the underlying S&P/ASX 200 index
close. The benchmark fell 0
Sorry, the comment form is closed at this time.