Australia shares set to rebound and open higher, NZ gains
Australian shares are set to open higher
on Wednesday, tracking a recovery on Wall Street after a sharp
sell-off in the previous session, as China’s efforts to
stabilize the yuan alleviated fears of a possible currency war
between the world’s two largest economies.
The local share price index futures YAPcm1 rose 0.74% to
6,437 by 2030 GMT, a 41.1-point discount to the underlying
S&P/ASX 200 index close. The benchmark ended down 2.4%
on Tuesday.
New Zealand’s
on Wednesday, tracking a recovery on Wall Street after a sharp
sell-off in the previous session, as China’s efforts to
stabilize the yuan alleviated fears of a possible currency war
between the world’s two largest economies.
The local share price index futures YAPcm1 rose 0.74% to
6,437 by 2030 GMT, a 41.1-point discount to the underlying
S&P/ASX 200 index close. The benchmark ended down 2.4%
on Tuesday.
New Zealand’s
Posted by Reuters