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Australia shares expected to edge lower; NZ opens slightly higher
October 30, 2017 / 9:35 PM / 25 days ago

Australia shares expected to edge lower; NZ opens slightly higher

    By Aaron Saldanha
    Oct. 31 (Reuters) - Australian shares are expected to open
mildly lower on Tuesday, tracking a pullback on Wall Street due
to uncertainty regarding U.S. President Donald Trump's former
campaign manager being charged with money laundering, and weaker
iron ore prices.
     U.S. stocks slipped 0.32 percent        on the news of Paul
Manafort being charged in the federal probe over Russian
influence in the 2016 Presidential election. The Nasdaq        
gave up gains to close marginally lower after touching an
intraday record high.     
    The most-active iron ore contract for January delivery on
the Dalian Commodity Exchange           closed 3.3 percent lower
on Monday, due to the Chinese government enforcing limits on
steel production to combat Beijing's winter fog.           
    The local share price index futures          were flat at
5,900, a 19.1-point discount to the underlying S&P/ASX 200 index
        close. The benchmark rose 0.3 percent on Monday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.1
percent, or 8.8 points, in early trade to 8,152.79.
    

 (Reporting by Aaron Saldanha in Bengaluru; Editing by XX)
  
 
 

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