KM Financial Solutions | Australia shares set to open higher, NZ rises
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Australia shares set to open higher, NZ rises

Australia shares set to open higher, NZ rises

Australian shares are set to open higher
after a record jump in U.S. retail sales buoyed Wall Street
overnight, and as the domestic central bank pointed to a
shallower-than-expected economic downturn due to the coronavirus
pandemic.
All three major U.S. stock indexes ended higher as risk
sentiment received a boost from data that showed retail sales
jump by a record 17.7% in May.
The Reserve Bank of Australia on Tuesday said the economic

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