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Markets

Australia shares set to edge higher, tracking Wall Street gains

  • New Zealand's benchmark S&P/NZX 50 index stood flat at 2130 GMT.
Published March 26, 2021 Updated March 26, 2021 11:09am
By

Australian shares were set to edge higher on Friday, taking positive cues from US stocks which rose overnight as investors snapped up "value" stocks that are likely to benefit from an economic rebound in 2021.

The local share price index futures rose 0.3%, a 16.6 point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.5% on Thursday.

New Zealand's benchmark S&P/NZX 50 index stood flat at 2130 GMT.

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