Views Article – Sharenet Wealth

Australasia, News

Australia shares set to open higher as iron ore prices gain, NZ rises

Nov 29 (Reuters) – Australian shares were on track to open higher on Tuesday, as a rebound in iron ore prices is expected to lift mining stocks, while investors evaluate the potential impact of the newly discovered Omicron coronavirus variant. The local share price index futures rose 0.6%, a 15.2-point premium to the underlying S&P/ASX 200 index’s close. The benchmark fell 0.54% on Monday. Across the Tasman Sea, New Zealand’s benchmark S&P/NZX 50 index rose 0.5% in early trade. (Reporting by Harshita Swaminathan; Editing by Amy Caren Daniel)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.