Australia shares seen steady as rate cut doubt offsets resources rebound

April 22, 2015 10:53 PM

49 0

SYDNEY, April 23 (Reuters) - Australian shares are expected to trade steady on Thursday as investors mull the prospect of a rate cut being deferred beyond next month, while gains in key commodity prices push resources stocks higher.

Iron ore futures had their biggest single-session advance a day earlier after mining giant BHP Billiton deferred expansion plans. Then early on Thursday, BHP and rival Fortescue Metals Group announced successful bond issues, adding to their balance sheet credentials. But optimism about a reprieve fr...

Also read: Clinton lead shrinks, even as nearly 6 in 10 expect her to win, Post-ABC tracking poll finds

Read more

To category page