Australian shares set to gain on strong Wall St. lead, NZ rises
Australian shares were set to strengthen
on Wednesday, tracking Wall Street gains on robust U.S.
corporate results and reports that a possible Brexit deal may be
close.
However, weak China data could weigh on the country’s
export-reliant resource stocks.
The local share price index futures were 0.8%
higher, a 31-point premium to the underlying S&P/ASX 200 index
close. The benchmark finished slightly higher on
Tuesday.
New Zealand’s benchmark
on Wednesday, tracking Wall Street gains on robust U.S.
corporate results and reports that a possible Brexit deal may be
close.
However, weak China data could weigh on the country’s
export-reliant resource stocks.
The local share price index futures were 0.8%
higher, a 31-point premium to the underlying S&P/ASX 200 index
close. The benchmark finished slightly higher on
Tuesday.
New Zealand’s benchmark
Posted by Reuters