Markets

Australia shares set to open higher, NZ flat

  • New Zealand's benchmark S&P/NZX 50 index was almost flat by 2120 GMT.
Published March 12, 2021 Updated March 12, 2021 11:04am
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Australian shares were likely to open higher on Friday, reflecting overnight gains on Wall Street as a bigger-than-expected fall in weekly jobless claims spurred hopes of a faster economic recovery.

The local share price index futures rose 0.6%, a 37-point premium to the underlying S&P/ASX 200 index close. The benchmark closed flat on Thursday.

New Zealand's benchmark S&P/NZX 50 index was almost flat by 2120 GMT.