off-the-wire

Australia shares likely to fall; NZ drops

Kitco Media
By Reuters
Published:
Updated:
Reuters
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)


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