Australia Shares Get Support from Iron Ore Prices

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.