Australian shares to open slightly lower; NZ climbs
Australian shares are set to open
slightly lower on Wednesday as unnerved investors took note of
the U.S. Federal Reserve looking to shore up liquidity and blunt
the blow of the coronavirus outbreak, but worries remain that
the pandemic threatened a global recession.
The local share price index futures fell 0.1%, a
14.4-point discount to the underlying S&P/ASX 200 index
close. The benchmark climbed 5.8% on Tuesday in its biggest rise
since October 20
slightly lower on Wednesday as unnerved investors took note of
the U.S. Federal Reserve looking to shore up liquidity and blunt
the blow of the coronavirus outbreak, but worries remain that
the pandemic threatened a global recession.
The local share price index futures fell 0.1%, a
14.4-point discount to the underlying S&P/ASX 200 index
close. The benchmark climbed 5.8% on Tuesday in its biggest rise
since October 20
Posted by Reuters
