KM Financial Solutions | Australia shares set to open lower, NZ rises in early trade

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Australia shares set to open lower, NZ rises in early trade

16 Jun Australia shares set to open lower, NZ rises in early trade

Posted at 22:10h in News by KMFSLLP 0 Comments

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Australian shares are set to open lower
on Thursday as a rise in coronavirus cases globally weighs on
sentiment, while weaker iron ore and oil prices will likely hurt
index heavyweights.
Virus-led restrictions were extended in Beijing as it fought
the worst resurgence of the disease in four months, while new
infections hit record highs in six U.S. states.

Both oil and iron ore prices suffered from concerns of
oversup