Australia shares likely to fall; NZ drops

May 3 (Reuters) - Australian shares are likely to fall on Wednesday, a day after the nation's central bank announced a surprise interest rate hike, while investors await the U.S. Federal Reserve's widely anticipated rate decision later in the global day.

The local share price index futures fell about 0.6% a 38.4-point discount to the underlying S&P/ASX 200 index close New Zealand's benchmark S&P/NZX 50 index fell 0.7% by 2223 GMT.

(Reporting by Archishma Iyer in Bengaluru)

U.S. earnings diary Wall Street Week Ahead Global Economy Week Ahead ................................................................ For latest top breaking news across all markets ))

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Australia shares likely to fall; NZ drops

By Reuters

Reuters

Reuters

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

CPI, ECB rate decision could be the catalyst gold needs, with $2,708 the key resistance – StoneX’s Razaqzada