Wednesday, 05 June 2013 04:38
Posted by Asad Naeem
SYDNEY: Australian shares are expected to open weaker after losses on Wall Street and on concerns about Chinese demand for metals, with GDP data expected to show a slowdown in mining investment kept growth below potential at the start of the year.
Local share price index futures fell 0.4 percent to 4,879, a 21.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3 percent on Tuesday.
New Zealand's benchmark NZX 50 index fell 0.2 percent in early trade.
US stocks fell on Tuesday as investors sold growth-oriented sectors on speculation the Federal Reserve may slow the pace of its economic stimulus.
Growth in China's steel demand is expected to slow to a near-standstill in 2013, the head of the country's biggest listed steelmaker said on Tuesday, adding to pressure on iron ore prices after a 17 percent fall in May.
Copper rose as investors took account of a prolonged shutdown at the ...
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SYDNEY: Australian shares are expected to open weaker after losses on Wall Street and on concerns about Chinese demand for metals, with GDP data expected to show a slowdown in mining investment kept growth below potential at the start of the year.
Local share price index futures fell 0.4 percent to 4,879, a 21.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3 percent on Tuesday.
New Zealand's benchmark NZX 50 index fell 0.2 percent in early trade.
US stocks fell on Tuesday as investors sold growth-oriented sectors on speculation the Federal Reserve may slow the pace of its economic stimulus.
Growth in China's steel demand is expected to slow to a near-standstill in 2013, the head of the country's biggest listed steelmaker said on Tuesday, adding to pressure on iron ore prices after a 17 percent fall in May.
Copper rose as investors took account of a prolonged shutdown at the ...
TORONTO: Canada's main stock index slipped to its lowest in more than two weeks on Monday after sluggish data raised concerns about half of the global economic recovery and caused declines in the energy and financial sectors.Weakness in Canadian Natural Resources Ltd, following a downgrade of the stock by Goldman Sachs, also weighed on the market.US manufacturing activity contracted in May for the first time in six months as new orders fell and there was ...
SYDNEY: Australian shares are set to open lower on Monday after a sharp fall on Wall Street and weaker metals prices, with eyes on Chinese data and a slew of local economic figures.Local share price index futures fell 1.7 percent to 4,876.0, a 50.6-point discount to the underlying S&P/ASX 200 index close. The benchmark slipped 0.1 percent on Friday.New Zealand's stocks market is closed for a public holiday on Monday.US stocks sold off in late ...
SYDNEY: Australian shares ended 0.2 percent higher on Tuesday, snapping a five-day losing streak, as investors returned to pick up high-yield stocks such as banks following last week's downturn.The benchmark S&P/ASX 200 index added 10.8 points to 4,970.7, according to the latest data. It fell 0.5 percent on Monday.Analysts said the 4,900-point mark was a key support milestone to watch, with the market currently in a correction."Three times the market has touched this level and ...
