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    iron-investing

    Australia Shares Get Support from Iron Ore Prices

    Investing News Network
    Jan. 07, 2013 04:08PM PST
    Base Metals Investing

    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.

    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.

    Click here to read the full Reuters report.

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