20 Nov Aussie shares poised to rebound; New Zealand stocks up 1 pct
Australian shares are expected to recover
on Thursday following a rise in U.S. equities after positive
corporate earnings and a rebound in oil prices reassured
investors.
The local share price index futures rose 18 points
to 5,660, a 17.2-point premium to the underlying S&P/ASX 200
index close. The benchmark fell 0.5 percent on
Wednesday.
New Zealand’s benchmark S&P/NZX 50 index snapped
seven straight sessions of losses and rose 1 percent
on Thursday following a rise in U.S. equities after positive
corporate earnings and a rebound in oil prices reassured
investors.
The local share price index futures rose 18 points
to 5,660, a 17.2-point premium to the underlying S&P/ASX 200
index close. The benchmark fell 0.5 percent on
Wednesday.
New Zealand’s benchmark S&P/NZX 50 index snapped
seven straight sessions of losses and rose 1 percent
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