Australian shares set to fall at open, NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 6 (Reuters) - Australian shares are likely to fall at the open on Thursday as a wave of weak economic data in the U.S. fuels worries that the Federal Reserve's rapid interest rate hikes might tip the world's largest economy into a recession. The local share price index futures fell 0.1%, an 18-point premium to the underlying S&P/ASX 200 index close. The benchmark finished 0.02% higher at 7,237.20 points on Wednesday.


New Zealand's benchmark S&P/NZX 50 index fell 0.1% to 11,853.87-points during early trade.
(Reporting by Nausheen Thusoo in Bengaluru; editing by Jonathan Oatis)


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