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Money Australia shares to inch higher, NZ up

05:56  03 july  2018
05:56  03 july  2018 Source:   reuters.com

Australia shares seen falling; NZ rises

  Australia shares seen falling; NZ rises Australian shares are set to open lower on Thursday, tracking Wall Street, but higher energy stocks backed by robust oil prices are expected to cap losses. Oil prices jumped on Wednesday as plunging U.S. crude stockpiles compounded supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that importers stop buying Iranian crude from November. The local share price index futures (YAPcm1) fell 0.18 pct or 11 points to 6,127, a 69.9-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark remained largely unchanged on Wednesday.

Oct 27 (Reuters) - Australian shares are expected to edge higher on Thursday as miners could gain on higher iron ore and coal prices, while the spotlight would be on National Australia Bank's earnings, one among the 'big four' in Australia .

Aug 10 (Reuters) - Australian shares are expected to rise on Friday, although gains are likely to be capped ahead of a slew of corporate earnings in the coming week. Material stocks are also expected to trade higher on stronger commodity prices, with mining heavyweight Rio Tinto.

A pedestrian is reflected in a window displaying a board with stock prices at the Australian Securities Exchange (ASX) in Sydney © REUTERS/Steven Saphore - RC1F426BF4E0 A pedestrian is reflected in a window displaying a board with stock prices at the Australian Securities Exchange (ASX) in Sydney Australian shares are set to edge higher on Tuesday, tracking Wall Street, as weakness in the Australian dollar could prompt buying in healthcare stocks ahead of the Reserve Bank of Australia's cash rate decision due later in the day.

The Aussie dollar hovered near recent lows on Monday, while the country's central bank is seen holding rates at record lows until next September, according to a Reuters poll.

The local share price index futures (YAPcm1) rose 0.34 percent or 21 points to 6158, a 19.8-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark fell about 0.3 percent on Monday.

New Zealand's benchmark S&P/NZX 50 index (.NZ50) rose 0.4 percent at 2216 GMT.

(Reporting by Mensholong Lepcha; Editing by Lisa Shumaker)

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