13 Jul Australia shares likely to start week lower; New Zealand down
Australian shares are expected to slip
on Monday weighed down by mining stocks hit by the weakness in
copper and iron ore prices.
Three-month LME copper fell 0.3% on Friday, while
the most-traded iron ore on the Dalian Commodity Exchange for
September delivery erased early gains to close
unchanged at 873 yuan ($127.02) a tonne .
The local share price index futures fell 0.5% or 30
points to 6,604, a 92.5-point discount to th
on Monday weighed down by mining stocks hit by the weakness in
copper and iron ore prices.
Three-month LME copper fell 0.3% on Friday, while
the most-traded iron ore on the Dalian Commodity Exchange for
September delivery erased early gains to close
unchanged at 873 yuan ($127.02) a tonne .
The local share price index futures fell 0.5% or 30
points to 6,604, a 92.5-point discount to th
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