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Market Movers Headlines

Australia shares set to extend losses; NZ steady

Australian shares were likely to slip at the open on Thursday, extending losses to their sixth straight session, with material and energy stocks expected to come under pressure after oil and iron ore prices fell. The most-traded iron ore futures on the Dalian Commodity Exchange closed down 0.7 percent on Wednesday, while oil benchmarks fell after an unexpected build in U.S. crude and gasoline inventories despite strong demand. The local

EMERGING MARKETS-Brazil stocks dip, NAFTA talks boost Mexico peso

Brazilian stocks sank on Wednesday after comments by U.S. President Donald Trump reignited global trade worries, while Mexico's peso strengthened on news that talks have continued to rework the North American Free Trade Agreement. Brazil's benchmark Bovespa index fell nearly 2 percent as shares of state-run power company Eletrobras tumbled after lawmakers torpedoed hopes for a privatization o