Australia shares set to open lower on dented rate cut hopes, NZ hits fresh high
Australian shares are set to fall on
Friday, a day after robust jobs data dampened expectations of a
rate cut by the Reserve Bank of Australia at its next policy
meeting in February.
Data on Thursday showed Australian employment rebounded
sharply in November, while the jobless rate fell in a sign the
labour market might still have enough life in it to lessen the
need for more interest rate cuts.
The local share price index futures fell 32 poin
Friday, a day after robust jobs data dampened expectations of a
rate cut by the Reserve Bank of Australia at its next policy
meeting in February.
Data on Thursday showed Australian employment rebounded
sharply in November, while the jobless rate fell in a sign the
labour market might still have enough life in it to lessen the
need for more interest rate cuts.
The local share price index futures fell 32 poin
Posted by Reuters
