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Australia shares poised for lower open, NZ slips
June 21, 2017 / 10:21 PM / 3 months ago

Australia shares poised for lower open, NZ slips

    June 22 (Reuters) - Australian shares are expected to extend
losses into a third session on Thursday, taking cues from Wall
Street, with negative leads coming from lower oil prices.
    Energy stocks may lead losses for the day, mirroring their
U.S. counterparts as oil prices ended down on Wednesday after
hitting a 10-month low, as growing U.S. production and reduced
Chinese refinery activity fed mounting concern over the stubborn
global crude glut.            
    The local share price index futures          rose 0.3
percent, or 18 points to 5622, a 43.7-point discount to the
underlying S&P/ASX 200 index         close. 
    The benchmark closed 1.6 percent, or 91.55 points, lower to
end the session at 5,665.70 on Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.1
percent in early trade.


 (Reporting by Sandhya Sampath in Bengaluru; Editing by Peter
Cooney)
  
 
 

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