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Money Australia shares set to slip as Wall St, commodity prices fall; New Zealand inches down

15:51  14 march  2018
15:51  14 march  2018 Source:   reuters.com

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SYDNEY/WELLINGTON, Nov 30 (Reuters) - Australian shares slipped 0.6 percent on Monday with the materials sector feeling the weight of weak commodity prices . New Zealand ’s benchmark NZX 50 index edged up 0.21 percent or 12.700 points to a record high of 6,113.840.

Jan 19 (Reuters) – Australian shares inched down on Friday, following "We had a negative Wall Street , a soft commodity complex, but this may be counterbalanced by a nice set of China GDP New Zealand 's benchmark S&P/NZX 50 index also traded flat, slightly dipping at 0.023 percent, or

Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney © REUTERS/David Gray Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney Australian shares are expected to open lower on Wednesday, mirroring weakness on Wall Street following the firing of the U.S. Secretary of State, while waning commodity prices are likely to pressure materials stocks.

Financial stocks may also experience some duress as a judicial inquiry into Australia's scandal-ridden banking sector begins. [.N] [O/R] [IRONORE/]

The local share price index futures (YAPcm1) fell 0.6 percent or 34 points to 5,934, a 40.7-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark fell 0.4 percent on Tuesday.

New Zealand's benchmark S&P/NZX 50 index (.NZ50) fell marginally in early trade.

The ASX is sinking .
The ASX fell hard in early trade. The ASX200 slumped below the key 5900 support level. A short time ago it was at 5,837.20, down 100 points or 1.68%. The local market followed Wall Street where the S&P500 fell 2.5% over fears of an escalating trade war.President Donald Trump signed a memorandum that could impose tariffs on up to $US60 billion of Chinese imports. The Dow Jones index closed 2.9% lower and the tech-heavy Nasdaq fell by 1.8%. The ASX was a sea of red.The world's biggest miner BHP had lost 3.8% to $28.55 and Rio Tinto 4.4% to $73.34.All the big four banks were sliding. The ANZ was at $27.78, a 1.4% fall.

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