Australian Shares to Drop at Open, New Zealand Rises
Australian Shares Expected to Open Lower
Australian shares are set to open lower on Thursday, with weaker commodity prices likely to weigh on gold and energy stocks. Investors are eyeing possible progress in U.S.-Iran peace talks.
The local share price index futures fell 0.4%, a 14.7-point discount to the underlying S&P/ASX 200 index. The benchmark rose 0.7% on Wednesday.
New Zealand Markets Rise
New Zealand's benchmark S&P/NZX 50 index rose 0.3% in early trade, contrasting with the expected decline in Australia.
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