Australian shares to open lower on investor caution, NZ up
Australian shares are expected fall
slightly on Thursday as investors exercise caution on growing
fears of a global recession following the previous session’s
rally.
Weaker oil prices are also expected to weigh on energy
stocks in the region.
The local share price index futures fell 0.17% to
6,438, an 81.5 point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.6% on Wednesday.
New Zealand’s benchmark S&P/NZX 50 index
slightly on Thursday as investors exercise caution on growing
fears of a global recession following the previous session’s
rally.
Weaker oil prices are also expected to weigh on energy
stocks in the region.
The local share price index futures fell 0.17% to
6,438, an 81.5 point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.6% on Wednesday.
New Zealand’s benchmark S&P/NZX 50 index
Posted by Reuters