Australian shares to open slightly higher, NZ falls
Australian shares are set to open
slightly higher on Tuesday as an aggressive credit boost by the
Federal Reserve added to a worldwide effort to fight the
coronavirus pandemic that could push the global economy deep
into recession.
The local share price index futures rose 0.9%, a
24-point discount to the underlying S&P/ASX 200 index
close. The benchmark slid 5.6% on Monday to finish at a more
than seven-year low.
New Zealand’s benchmark S&P/NZX
slightly higher on Tuesday as an aggressive credit boost by the
Federal Reserve added to a worldwide effort to fight the
coronavirus pandemic that could push the global economy deep
into recession.
The local share price index futures rose 0.9%, a
24-point discount to the underlying S&P/ASX 200 index
close. The benchmark slid 5.6% on Monday to finish at a more
than seven-year low.
New Zealand’s benchmark S&P/NZX
Posted by Reuters
