Australia shares set for dim start to 2018

By Kitco News / January 01, 2018 / www.kitco.com / Article Link

Jan 2 (Reuters) - Australian shares are seen logging a soft start to 2018 on Tuesday, tracking a weak finish on Wall Street in the previous session, with thin trading expected in the absence of cues as financial markets worldwide remained shut for the New Year's holiday.

U.S. stocks closed out their best year since 2013 on a down note on Friday, with losses in technology and financial stocks keeping equities in negative territory for the session. In Australia, the local share price index futures fell 0.4 percent or 27 points to 6,019, a 46.1-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.4 percent on Friday.

New Zealand is closed for a public holiday.


(Reporting by Chris Thomas in Bengaluru; Editing by Peter Cooney)

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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