Reuters reported that while Australian shares may be unlikely to revisit their 19-month highs Tuesday after the easing of the global share markets, miners will benefit from the solid iron ore prices and China’s improved growth.
As quoted in the market news:
Local share price index futures inched up 0.1 percent, or 5 points to 4,697.0, a 20.3-point discount to the underlying S&P/ASX 200 index close. The benchmark slipped 0.1 percent to 4,717.3 on Monday.
|Get our expert guide to base metals investing FREE! Download this FREE Special Report, Investing Opportunity: Using LME Prices and Base Metals News.|