Australia shares set to rise after Fed rate cut; NZ flat
Australian shares are set to open
marginally higher on Thursday, after the U.S. Federal Reserve
cut interest rates as expected but dashed hopes for further
reductions.
The Fed dropped a previous reference in its statement to
“act as appropriate” to sustain the economic expansion, which
could signal the Fed may hold off on future rate cuts.
marginally higher on Thursday, after the U.S. Federal Reserve
cut interest rates as expected but dashed hopes for further
reductions.
The Fed dropped a previous reference in its statement to
“act as appropriate” to sustain the economic expansion, which
could signal the Fed may hold off on future rate cuts.
The local share price index futures rose 6 points
or 0.1%, a 13.5-point discount to the underlying S&P/AS
Posted by Reuters
