Monday, January 2, 2017

Australia shares set for a cautious start to 2017

Jan 3 (Reuters) - Australian shares face a cautious start to

the new year, following a weak lead from Wall Street last

Friday, with trading likely to be thin on Tuesday as many

investors remain off work for their summer holidays.

U.S. stocks slumped on the last trading day of the year, led

down by Apple and other big tech stocks. In subdued

holiday trading, the S&P 500 declined for a third consecutive

session.

The Australian benchmark index climbed 7 percent in

2016, its best yearly per

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