Australia shares seen lower on Ukraine tensions; Virgin posts loss

Thu Aug 28, 2014 7:13pm EDT

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Australian shares are set for a weak start on Friday as renewed 
tension in Ukraine hit Wall Street overnight, although trading
linked to month-end settlements could cause some choppiness.
      * Local share price index futures dipped 5
points, a 20.4-point discount to the underlying S&P/ASX 200
index close. The benchmark fell 26.7 points at close of
trade on Thursday.
    * New Zealand's benchmark NZX 50 index fell 9.1
points to 5228.3 in early trade.
    * U.S. stocks lost ground on Thursday as investors focused
on the latest tensions between Ukraine and Russia, though upbeat
U.S. economic data helped curb losses.
    * Tensions in Ukraine and worse-than-expected euro zone
economic sentiment pulled copper prices down. 
    * Virgin Australia Holdings on Friday posted an
annual net loss of A$355.6 million ($332.73 million) and said it
would not give guidance for the current financial year because
of the "uncertain economic environment." 
    * Woolworths Ltd, Australia's largest supermarket
chain by market share, on Friday posted an 8.5 percent rise in
annual net profit. 
                                                                                           
 ----------------------MARKET SNAPSHOT @ 2234 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1996.74     -0.17%    -3.380
 USD/JPY                          103.71       0.01%     0.010
 10-YR US TSY YLD                 2.3378          --     0.000
 SPOT GOLD                        1289.55     -0.01%    -0.190
 US CRUDE                         94.6         0.05%     0.050
 DOW JONES                        17079.57    -0.25%    -42.44
 ASIA ADRS                        153.56      -0.45%     -0.69
 -------------------------------------------------------------                             
 
       
  * Wall St loses ground on Ukraine worry; data curbs losses 
  * Brent falls, U.S. crude rises as global demand seen
weak 
  * Gold rises for the 3rd straight day eying Ukraine     
  * Copper hit by Ukraine tensions, Aluminium            
    
    For a digest of the day's business stories in Australian 
newspapers, double click on    
        

 (Editing by Shri Navaratnam)
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