off-the-wire

Australian shares set to gain at open, NZ flat

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 9 (Reuters) - Australian shares are set to open higher on Thursday, with local mining stocks likely rising on higher iron ore prices, while the country's central bank signaled it was closer to pausing the aggressive cycle of interest rate hikes.


The local share price index futures rose 0.4%, a 2.2-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.8% on Wednesday.


New Zealand's benchmark S&P/NZX 50 index was flat in early trade.
(Reporting by John Biju in Bengaluru Editing by Chris Reese)


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