Australia, NZ shares observed to extend losses on weak oil

Industries | Tue Dec 8, 2015 4:22pm EST

SYDNEY, Dec 9 Australian shares are most likely to extend losses on Wednesday, hauled down by weak oil prices and concerns about international financial development. Neighborhood share price index futures fell .five percent to 5,081., a 27.6-point discount to the underlying S&P/ASX 200 index close on Tuesday. The benchmark dropped .9 % in the last session. Investors are awaiting an unscheduled marketplace briefing by solutions firm Spotless Group. Its share price plumbed record lows this week following a profit warning. New Zealand's benchmark NZX 50 index was a touch lower in early trade, having eased .five percent on Tuesday. For a summary of overnight action across worldwide markets, double click on For a digest of the day's enterprise stories in Australian newspapers, double click on (Reporting by Cecile Lefort)

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