Australia, NZ: Australia shares face cautious opening, NZ climbs
[MELBOURNE] Australian shares are set to open a touch lower on Tuesday, but mining stocks should help limit losses, buoyed by China's move to boost growth and expectations of no near term US rate rises. New Zealand shares rose in early trade.
Local share price index futures pointed to a slightly weaker opening, slipping 0.2 per cent to 4,862.0, an 18.9-point discount to the underlying S&P/ASX 200 index close. The benchmark was flat on Monday.
New Zealand's benchmark S&P/NZX 50 index rose 0.4 per cent to 6,252.55 in early trade, with A2 Milk leading the way, up 4 per cent.
Australia's Reserve Bank is expected to leave the cash rate at a record low 2 per cent on Tuesday but maintain the option to ease later if necessary.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%