Australia shares set to fall, NZ slides

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 11 (Reuters) - Australian shares are set to slide marginally on Thursday as domestic mining stocks are expected to track weak commodity prices overnight, while April's inflation print in the U.S. suggested the Federal Reserve might hike interest rates further. The local share price index futures fell 0.2%, a 5.7-point discount to the underlying S&P/ASX 200 index close. The benchmark closed 0.1% lower on Wednesday.


New Zealand's benchmark S&P/NZX 50 index fell 0.3% to 11947.6 in early trade.



(Reporting by Roushni Nair in Bengaluru Editing by Chris Reese)


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