Australia shares expected to slip; NZ rises

By Kitco News / February 19, 2018 / www.kitco.com / Article Link

Feb 20 (Reuters) - Australian shares are set to fall at Tuesday's open, tracking weakening metal prices on the London Metal Exchange.

Copper fell 1.6 percent on Monday, while nickel ended 2.3 percent lower.

Australian share price index futures fell about 0.6 percent, or 34 points, to 5,869, a 72.6-point discount to the underlying S&P/ASX 200 index close. The benchmark added 0.6 percent on Monday.

New Zealand's benchmark S&P/NZX 50 index rose 0.2 percent in early trade, helped by consumer staples and health care stocks.

The biggest prop to the index was a2 Milk Company Ltd , which rose as much as 1.3 percent. The country reports fortnightly milk auction data later in the day.



(Reporting by Aaron Saldanha in Bengaluru; editing by John Stonestreet)

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 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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