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KM Financial Solutions | Australia shares set to edge higher, New Zealand up
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Australia shares set to edge higher, New Zealand up

27 Nov Australia shares set to edge higher, New Zealand up

Posted at 21:11h in News by
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Australian shares are expected to rise on
Thursday, tracking a rally on Wall Street after Federal Reserve
Chairman Jerome Powell hinted at a slower pace of rate hikes,
while materials stocks are likely to gain on the back of robust
iron ore prices.
Powell on Wednesday said the policy rate was “just below”
neutral, easing worries of a faster pace of interest rate hikes
next year.
The share price index futures rose 0.8 percent or
41 points to 5,766, a

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