Australian shares set to open higher, NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
Jan 30 (Reuters) - Australian shares are set to tick up at the open on Monday, as slowing U.S. inflation data raises hopes the Federal Reserve can engineer an economic soft landing, while weaker oil prices are likely to drive energy stocks lower and limit market gains. The local share price index futures rose 0.2%, a 43.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3% on Friday. New Zealand's benchmark S&P/NZX 50 index fell 0.02% to 12,033.55 points in early trade. (Reporting by Rishav Chatterjee in Bengaluru, editing by Deepa Babington)


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