Australian shares to open firmer on iron ore miners; NZ flat
March 26 (Reuters) - Australian shares are expected to open
higher on Tuesday, with iron ore miners set to firm on concerns
about supply of the steelmaking commodity, although lingering
worries about a global slowdown are likely to cap gains.
A Brazilian court has issued an order halting operations at
several tailings dams owned by mining firm Vale SA ,
the iron ore company said on Monday, which will hit production
at a major mine, leading to a likely jump in iron ore prices.
The local share price index futures rose 0.2
percent or 12 points to 6,120, a 6.2-point discount to the
underlying S&P/ASX 200 index close. The benchmark
dropped 1.1 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index was little
changed in early trade.
(Reporting by Aditya Soni in Bengaluru; Editing by Peter
Cooney) 2019-03-25 23:09:43
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