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Wednesday, August 17, 2022

Australian shares to open little changed; NZ falls

Australian shares to open little changed; NZ fallsAustralian shares are set to open little changed on Monday as investors remain cautious after the White House dampened optimism over US-China trade talks.

Markets had earlier climbed on hopes that the world’s two biggest economies were mending their shaky trade relations.

The local share price index futures was flat, a 38.2-point discount to the underlying S&P/ASX 200 index close. The benchmark closed up 0.14 percent on Friday and rose 3.3 percent for the week as a whole.

New Zealand’s benchmark S&P/NZX 50 index fell 0.1 percent in early trade.

Copyright Reuters, 2018

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Source: Brecorder

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