Australia shares set to open higher tracking Wall Street, NZ gains
Australian shares are set to open higher
on Friday tracking a firmer finish on Wall Street, after a
recovery in China’s yuan eased fears of a full-blown trade war
between the world’s largest economies.
Gains are likely to be led by technology stocks after U.S.
peers led an overnight rally on Wall Street.
The local share price index futures rose 0.6% to
6,533, a 35.1-point discount to the underlying S&P/ASX 200 index
close. The benchmark rose 0.8% on
on Friday tracking a firmer finish on Wall Street, after a
recovery in China’s yuan eased fears of a full-blown trade war
between the world’s largest economies.
Gains are likely to be led by technology stocks after U.S.
peers led an overnight rally on Wall Street.
The local share price index futures rose 0.6% to
6,533, a 35.1-point discount to the underlying S&P/ASX 200 index
close. The benchmark rose 0.8% on
Posted by Reuters