01 Jul Australian shares set to open lower on energy stocks; NZ flat
Australian shares are expected to fall on
Wednesday, dragged by energy stocks taking a hit from a dive in
oil prices, as fears of a slowdown in global economy and
subsequent oil demand outweighed OPEC’s promise of extending
supply cuts.
The local share price index futures fell 0.2% or 11
points, a 61.2-point discount to the underlying S&P/ASX 200
index close. The benchmark inched up 0.08% to 6,653.20
on Tuesday.
New Zealand’s benchmark S&P/NZX 50
Wednesday, dragged by energy stocks taking a hit from a dive in
oil prices, as fears of a slowdown in global economy and
subsequent oil demand outweighed OPEC’s promise of extending
supply cuts.
The local share price index futures fell 0.2% or 11
points, a 61.2-point discount to the underlying S&P/ASX 200
index close. The benchmark inched up 0.08% to 6,653.20
on Tuesday.
New Zealand’s benchmark S&P/NZX 50
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