http://nz.biz.yahoo.com//090702/16/d629.html
SYDNEY, July 3 (Reuters) - Australian stocks are expected
to start lower on Friday after a steeper-than-expected slide in
U.S. payrolls led to hefty losses on Wall Street, raising fresh
doubts on the health of the economy.
The major U.S. indices fell as much as 2.9 percent after
the latest jobs report showed employers cut 467,000 jobs in
June, taking the unemployment rate to 9.5 percent
[ID:nN01210643].
Australian September share price futures YAPcm1 lost 82
points at 3,779 -- representing a 98.3-point discount to the
underlying share index's close on Thursday, when it rose 0.1
percent.
New Zealand's benchmark NZX 50 index .NZ50 fell 0.3
percent in early trade to 2,759.04.
Global miner Rio Tinto Ltd (ASX: RIO.ax) is likely to be in
focus after it said on Friday it had successfully completed the
Australian portion of its $15.2 billion rights issue, with
shareholder acceptances at 94.76 percent.
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