KM Financial Solutions | Australia shares set to open lower on soft commodity prices; NZ up

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Australia shares set to open lower on soft commodity prices; NZ up

17 Dec Australia shares set to open lower on soft commodity prices; NZ up

Posted at 21:09h in News by KMFSLLP 0 Comments

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Australian shares are set to slip on
Thursday, with an overnight slump in gold and iron prices likely
to hurt the benchmark’s heavyweight miners of the commodities.
Chinese iron ore futures slipped nearly 1% overnight on
easing supply concerns, while gold prices also fell amid
strength in the dollar on robust U.S. economic data.

The local share price index futures fell 12 points
or 0.2%, a 5.4-point discount to the underlying S&P/ASX 200