off-the-wire

Australian shares set to fall at open; NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 5 (Reuters) - Australian shares are likely to fall at the open on Wednesday, taking their cue from a weaker overnight session on Wall Street after data suggested the U.S. economy was cooling.


The local share price index futures fell 0.2%, a 15.0-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.2% on Tuesday.


New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 11,870.38 points during early trade. The New Zealand central bank is expected to scale back its policy tightening pace to a quarter-point rate hike at its meeting on Wednesday, according to a Reuters poll.



(Reporting by Nausheen Thusoo in Bengaluru; Editing by Leslie Adler)


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