Australia shares seen treading water, eyes on BOJ meeting
* Local share price index futures dipped 0.1 percent to 4,739.0, a 37.5-point discount to the underlying S&P/ASX 200 index. The benchmark inched up 0.1 percent to hit a 20-month high of 4,777.5 on Monday.
* New Zealand's benchmark NZX 50 index lost 0.1 percent, or 2.3 points, to 4,183.0 in early trade.
* US stocks markets were closed for a public holiday on Monday.
* Copper was little changed in thin trade on Monday as a political attempt to break a budget impasse in the United States revived risk appetite, but was offset by still weak physical demand from top consumer China.
* Iron ore prices may struggle to regain their January peaks, as an increase in global supply is expected to outpace a recovery in demand from top importer China, a Reuters poll showed.
* Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.
* Investors will watch closely for the outcome of the Japanese central bank's policy meeting, which might consider aggressive monetary measures to stimulate the economy.
Be the first to comment.