Australia shares to open lower; NZ down

By Kitco News / June 07, 2017 / www.kitco.com / Article Link

June 8 (Reuters) - Australian shares are set to open slightly lower on Thursday, as commodities come under pressure from falling oil and gold prices

Gold prices fell from near seven-month highs on a stronger dollar, while an unexpected increase in U.S. inventories of crude and gasoline contributed to an existing global glut, pushing down prices.The local share price index futures fell 0.2 percent, or 10 points, to 5,654, a 13.2-point discount to the underlying S&P/ASX 200 index close.

The benchmark index closed about 0.27 percent lower.

New Zealand's benchmark S&P/NZX 50 index fell 0.05 percent in early trade.

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

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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