Australian shares eye stronger open tracking Wall St, NZ jumps
Australian shares were set for a strong
start to Wednesday, tracking Wall Street that surged on hopes of
a massive fiscal stimulus to blunt the economic damage from the
coronavirus.
The local share price index futures rose 5.9%, a
256.3-point premium to the underlying S&P/ASX 200 index
close. The benchmark climbed 4.2% on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index jumps 5.5%
in early trade.
start to Wednesday, tracking Wall Street that surged on hopes of
a massive fiscal stimulus to blunt the economic damage from the
coronavirus.
The local share price index futures rose 5.9%, a
256.3-point premium to the underlying S&P/ASX 200 index
close. The benchmark climbed 4.2% on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index jumps 5.5%
in early trade.
(Reporting by A K Pranav
Posted by Reuters
