Australian shares set to open higher as oil supply fears ease
Australian shares are likely to open a
tad higher on Wednesday as Saudi Arabia restored oil supply
after attacks on facilities over the weekend, although investors
remain cautious ahead of the U.S. Federal Reserve’s rate
decision.
The local share price index futures rose 0.1%, a
7.7-point premium to the underlying S&P/ASX 200 index
close. The benchmark rose 0.3% on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index was flat in
early trade.
tad higher on Wednesday as Saudi Arabia restored oil supply
after attacks on facilities over the weekend, although investors
remain cautious ahead of the U.S. Federal Reserve’s rate
decision.
The local share price index futures rose 0.1%, a
7.7-point premium to the underlying S&P/ASX 200 index
close. The benchmark rose 0.3% on Tuesday.
New Zealand’s benchmark S&P/NZX 50 index was flat in
early trade.
Posted by Reuters
