Australia shares set to open lower as political uncertainty, falling commodity prices loom
Australian shares are likely to open
lower on Wednesday, tracking a dismal Wall Street session as a
push for the impeachment of U.S. President Donald Trump
heightens political risks, while falling iron ore and oil prices
are set to hurt index heavyweights.
The local share price index futures fell 1.1%, a
85.9-point discount to the underlying S&P/ASX 200 index
close. The benchmark closed flat on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index
lower on Wednesday, tracking a dismal Wall Street session as a
push for the impeachment of U.S. President Donald Trump
heightens political risks, while falling iron ore and oil prices
are set to hurt index heavyweights.
The local share price index futures fell 1.1%, a
85.9-point discount to the underlying S&P/ASX 200 index
close. The benchmark closed flat on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index
Posted by Reuters
