Australia shares poised to climb; NZ inches up

By Kitco News / January 18, 2018 / www.kitco.com / Article Link

Jan 19 (Reuters) - Australian shares are likely to edge up on Friday, snapping three straight sessions of losses, with material stocks leading the gains on a jump in base metal prices.

Copper climbed on Thursday on a strong performance by China's industrial sector, while Chinese iron ore futures rose as firmer steel prices helped the raw material rebound after a five-day slide, with coke prices also recovering.The local share price index futures rose 0.3 percent, or 20 points, to 5972, a 42.6-point discount to the underlying S&P/ASX 200 index close. The benchmark ended flat on Thursday.

New Zealand's benchmark S&P/NZX 50 index rose 0.1 percent in early trade.


(Reporting by Christina Martin in Bengaluru; Editing by Hugh Lawson)

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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