Markets
Australia shares set to open lower; NZ falls marginally
- New Zealand's benchmark S&P/NZX 50 index was nearly unchanged, down 0.02pc to 12,538.72 points in early trade.
Australian shares are headed for a weaker start on Friday, with energy and gold indexes expected to drag due to weak commodity prices, after the U.S. Federal Reserve indicated a sooner-than-expected tightening in its monetary policy.
The local share price index futures fell 0.5pc, a 54.0-point discount to the underlying S&P/ASX 200 index close.
The benchmark closed 0.4pc lower on Thursday.
New Zealand's benchmark S&P/NZX 50 index was nearly unchanged, down 0.02pc to 12,538.72 points in early trade.
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