04 Dec Australian shares poised for slight recovery, NZ inches down
Australian shares were set for a slight
recovery on Thursday with stronger iron ore prices likely to
support mining stocks, though nervousness after the previous
session’s Wall Street selloff could return to haunt domestic
shares.
China’s construction steel rebar jumped more than 4 percent
on Wednesday, after hitting a seven-and-a-half-month low the
previous session, buoyed by expectations of tighter restrictions
on production.
The local share price inde
recovery on Thursday with stronger iron ore prices likely to
support mining stocks, though nervousness after the previous
session’s Wall Street selloff could return to haunt domestic
shares.
China’s construction steel rebar jumped more than 4 percent
on Wednesday, after hitting a seven-and-a-half-month low the
previous session, buoyed by expectations of tighter restrictions
on production.
The local share price inde
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