Australia shares seen down on euro zone woes, weaker commodities

SYDNEY, July 25: Australian shares are set to open lower on Wednesday after European and U.S. Markets fell on signs that the euro zone crisis is worsening, weighing on company earnings.� Share price index futures lost 31 points to 4,054, a 79.2 point discount to the close of the underlying S&P/ASX 200 index.� New Zealand�s benchmark NZX 50 index slipped 5.7 points, or 0.2 percent, to 3,455.0 points in early trade.� U.S. Stocks fell for a third session on Tuesday, as Wall Street was hit by Europe�s slowdown. The Dow Jones industrial average fell 0.8 percent.� Shares in Apple Inc fell 5 percent after it reported its second quarterly results miss in less than 12 months. Consumers held off on buying the iPhone ahead of a new version expected later this year.� Copper prices fell on Tuesday in Europe and the United States as European growth worries offset optimism from upbeat Chinese factory data.� Gold edged up after European Union officials predicted Greece will require more debt restructuring, prompting investorsto buy the precious metal as a safe haven.�����������MARKET SNAPSHOT z 2244 GMT ������INSTRUMENT LAST PCT CHG NET CHGS&P 500 1338.31 -0.9% -12.210USD/JPY 78.18 0.01% 0.01010-YR US TSY YLD 1.3908 � 0.000SPOT GOLD 1582.04 0.14% 2.200US CRUDE 88.14 -0.41% -0.360DOW JONES 12617.32 -0.82% -104.14ASIA ADRS 111.74 -0.53% -0.59� Wall St falls as Europe hits earnings; Apple falls� Oil up on China data, but Europe concerns limit rise� Gold edges up on euro zone feers, dollar limits gains� Copper turns lower as European debt fears bite (agencies)