Sunday, August 7, 2016

Australia shares set to start with a firm tone, NZ stocks steady

SYDNEY, Aug 8 (Reuters) - Australian shares are set to have

a strong start on Monday following a positive lead on Wall

Street and an expected boost to mining stocks from a jump in

iron ore prices.

Global miner BHP Billiton is expected to open 1.8

percent higher, tracking a gain in its U.S. ADRs.

Local share price index futures rose 0.6 percent to

5,489 points, but that was still an 8.4-point discount to the

close of the underlying S&P/ASX 200 index on Friday.

The benchmark fell 1.2 p

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