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Markets

Australian shares set to gain; NZ flat

Published December 14, 2017 Updated December 14, 2017 01:31am
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By Fawad MaqsoodReuters
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NEW YORK: Australian shares are expected to open higher on Thursday, tracking a rise in Wall Street following a widely expected interest rate hike in the United States.

The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated.

The local share price index futures rose 21 points to 6048.0, a 26.2-point premium to the underlying S&P/ASX 200 index  close. The benchmark rose 0.14 percent on Wednesday.

New Zealand's benchmark S&P/NZX 50 index  fell marginally in early trade.

Copyright Reuters, 2017

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