KM Financial Solutions | Australian shares set to open lower on weak base metal prices; NZ inches lower

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Australian shares set to open lower on weak base metal prices; NZ inches lower

13 Aug Australian shares set to open lower on weak base metal prices; NZ inches lower

Posted at 22:08h in News by KMFSLLP 0 Comments

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Australian shares are expected to edge
lower on Wednesday, with mining and energy stocks likely to come
under pressure from weaker oil and base metal prices.
Copper fell on Tuesday toward the one-year lows of last
month as sentiment already floored by the Turkish lira crisis
took another knock from data suggesting weaker demand in China.

The local share price index futures fell 0.1
percent, a 60.6-point discount to the underlying S&P/ASX 200
index