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KM Financial Solutions | Australia shares to rise on commodity prices; NZ up
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Australia shares to rise on commodity prices; NZ up

05 Jun Australia shares to rise on commodity prices; NZ up

Posted at 22:10h in News by
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June 7 (Reuters) – Australian shares are expected to move
higher on Thursday, as rising commodity prices are seen boosting
stocks in the mining sector.
Chinese iron ore futures climbed to a two-week high, while
copper surged to its highest in 3-1/2 months.
The local share price index futures rose 0.5
percent, a 28.9-point premium to the underlying S&P/ASX 200
index close. The benchmark rose 0.5 percent on
Wednesday.
New Zealand’s benchmark S&P/NZX 50 index

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