23 May Australia shares set to end week lower, New Zealand flat
May 25 (Reuters – Australian shares are poised to decline on
Friday, mirroring weakness on Wall Street, which closed lower
after U.S. President Donald Trump called off a planned summit
with North Korea’s Kim Jong Un.
Australian energy stocks will likely take a hit as oil
prices fell on worries that the Organization of the Petroleum
Exporting Countries may wind down output cuts in place since the
start of 2017.
The local share price index futures fell 0.45
percent or 27
Friday, mirroring weakness on Wall Street, which closed lower
after U.S. President Donald Trump called off a planned summit
with North Korea’s Kim Jong Un.
Australian energy stocks will likely take a hit as oil
prices fell on worries that the Organization of the Petroleum
Exporting Countries may wind down output cuts in place since the
start of 2017.
The local share price index futures fell 0.45
percent or 27
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