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WorldPosted at: Feb 20 2017 7:22AM


Australia shares hurt by weak metals, earnings woes; NZ edge up

Undated, Feb 20 (Reuters) Australian stocks declined on Monday morning, dragged down by weaker metals prices and earnings concerns, with shares of Brambles tumbling after the company issued a profit warning.
The S&P/ASX 200 index fell 24.32 points or 0.4 percent to 5,781.5 points by 0055 GMT. The benchmark eased 0.2 percent on Friday.
Ric Spooner, Chief Market Analyst at CMC Markets, said softer metals prices were a drag on the market. "The other real driving factor is the earnings season, and a lot of what is happening on the index level is decided by profit results," he said.
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Tags: #Australia shares hurt by weak metals# earnings woes; NZ edge up
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