Markets

Australia shares set to open lower on commodity slump, track Wall Street

  • The local share price index futures fell 0.4%, a 24.1-point discount to the underlying S&P/ASX 200 index close. The benchmark ended 0.8% higher on Tuesday.
Published March 17, 2021

Australian shares are poised to open lower on Wednesday, as weaker commodity prices will likely weigh on the benchmark and tracking a fall on Wall Street as participants await the result of a US Federal Reserve policy meeting.

The local share price index futures fell 0.4%, a 24.1-point discount to the underlying S&P/ASX 200 index close. The benchmark ended 0.8% higher on Tuesday.

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

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