Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1718
    +0.0024 (+0.21%)
     
  • GBP/USD

    1.2623
    +0.0000 (+0.00%)
     
  • Bitcoin GBP

    55,417.12
    -353.38 (-0.63%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Australia shares expected to open weaker on Wall St, iron ore lag

SYDNEY, April 17 (Reuters) - Australian shares are expected

to open lower on Friday as investors sell stocks following

another slide in the all-important iron ore price and a

lacklustre lead from Wall Street.

The local share price index futures fell six points

to 5938, a 0.2 percent discount to the underlying S&P/ASX 200

index close. The benchmark rose 39.08 points or 0.7

percent to 5,947.5 on Thursday.

On Thursday, the Dow Jones industrial average fell

0.4 percent as lingering worries about upcoming corporate

earnings reports offset enthusiasm about a trio of soaring Wall

Street debuts.

The price of steel-making ingredient iron ore slid back

ADVERTISEMENT

below $50, less than half its value a year ago, increasing

pressure on heavyweight producers BHP Billiton (NYSE: BBL - news) and Rio

Tinto.

New Zealand's benchmark NZX 50 index was down 0.1

percent or 6.3 points at 6875.5 in early trade.

For a summary of overnight action across global markets, double

click on

For a digest of the day's business stories in Australian

newspapers, double click on

(Reporting by Byron Kaye; Editing by Chris Reese)