Australian stocks seen under pressure, NZ falls

5 months ago Comments Off on Australian stocks seen under pressure, NZ falls

Sept 1 (Reuters) – Australian shares are set to extend losses on Thursday, as a slump in crude prices overnight could batter energy stocks, while retail sales data, due later in the day, may determine the course of consumer staples. Oil prices fell 3 percent or more on Wednesday after a surprise surge in U.S. crude and distillate inventory. Investors will be watching out for Australia’s July retail sales numbers, expected to be announced on Thursday, for cues on economic growth. Me


Reuters: Financial Services and Real Estate