Australia shares to open lower, NZ down

July 19 (Reuters) – Australian shares were expected to open
lower on Wednesday with financials accounting for most of the
losses, tracking U.S. financials, while commodity stocks were
set for a good start on higher prices.
Goldman Sachs reported a sharp decline in bond
trading revenue and a nearly flat quarterly net income, pulling
the Dow lower.
Meanwhile, China’s iron ore futures soared to their highest
in 2-1/2 months on Tuesday as speculative investors placed heavy
bullish bets on higher demand
The local share price index futures fell 0.14
percent, to 5623 points, a 64.4-point discount to the underlying
S&P/ASX 200 index close. The benchmark fell 0.2 percent
on Monday.
New Zealand’s benchmark S&P/NZX 50 index fell 0.12
percent in early trade.

(Reporting by Urvashi Goenka in Bengaluru; Editing by Cynthia

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