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Thursday, December 9, 2021

Australia shares set to rise on US-Mexico deal; NZ starts flat

Australia shares set to rise on US-Mexico deal; NZ starts flatSYDNEY: Australian shares are set to rise on Tuesday, helped by a run-up in oil prices on Monday and tracking American peers on news of the United States and Mexico agreeing to overhaul the North American Free Trade Agreement.

A broad-based rally pushed the S&P 500 and the Nasdaq to record-high closes on Monday, while Brent crude rose 0.5 percent, a gain that will likely support Australian energy stocks on Tuesday.

The Australian share price index futures were up 0.4 percent, or 28 points, to 6,264, a 4.9-point discount to the underlying S&P/ASX 200 index close. The benchmark added 0.4 percent on Monday.

New Zealand’s benchmark S&P/NZX 50 index marked time in early trade, rising 2.94 points to 9,209.36 at 2218 GMT.

Copyright Reuters, 2018
 

Source: Brecorder

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