Markets

Australia shares set to fall at the open; NZ gains

  • The local share price index futures fell 0.3%, a 76.7-point discount to the underlying S&P/ASX 200 index close.
Published January 27, 2021

Australian shares are set to open lower on Wednesday, likely slipping from their 11-month high scaled on Monday as investors take a cautious stance ahead of domestic inflation data and the outcome of a US Federal Reserve meeting expected on Thursday.

The local share price index futures fell 0.3%, a 76.7-point discount to the underlying S&P/ASX 200 index close.

Markets in Australia were closed on Tuesday for a public holiday.

The benchmark ended 0.4% higher on Monday.

New Zealand's benchmark S&P/NZX 50 index rose 0.4% in early trade.

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