off-the-wire

Australia shares set to open higher, NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 8 (Reuters) - Australian shares are poised to open marginally higher on Monday as stronger-than-expected monthly jobs data in the U.S. last week highlighted prospects of slowing interest rate increases and signs of recovery in the world's largest economy.


The local share price index futures rose 0.9%, a 64.0-point premium to the underlying S&P/ASX 200 index close. The benchmark ended the session 0.4% higher on Friday.


New Zealand's benchmark S&P/NZX 50 index was largely unchanged in early trade. (Reporting by Roushni Nair in Bengaluru; Editing by Sandra Maler)


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