Australian shares to edge lower, NZ down marginally

By Kitco News / June 05, 2017 / www.kitco.com / Article Link

June 6 (Reuters) - Australian shares were expected to open slightly lower on Tuesday, with commodity stocks set to come under pressure from falling oil and copper prices.

Oil prices fell amid concerns that the cutting of ties with Qatar by Saudi Arabia and other Arab states could hamper a global deal to reduce oil production, while copper prices fell on a recovering dollar and an increase in Shanghai inventories.The local share price index futures fell 0.1 percent or 4 points to 5,760, a 5.13-point premium to the underlying S&P/ASX 200 index close.

The benchmark index fell 0.6 percent on Monday.

New Zealand's benchmark S&P/NZX 50 index fell 0.1 percent or 3.9 points to 7,496.03 at 2200 GMT

For a digest of the day's business stories in Australiannewspapers, click on (Reporting by Nicole Pinto in Bengaluru; Editing by Tom Brown)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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