June 1, 2017 / 10:10 PM / 2 months ago

Australia shares set to rise; NZ down

1 Min Read

    June 2 (Reuters) - Australian shares are expected to open
higher on Friday, tracking Wall Street which rose after a batch
of economic data suggested that the economy was picking up
speed.    
    Gains are however expected to be kept in check as concerns
about an oversupplied commodity market continue to drag down
prices.                       
    The local share price index futures          rose 0.3
percent, or 17 points to 5,770, a 31.9-point premium to the
underlying S&P/ASX 200 index         close. The benchmark rose
0.2 percent on Thursday.
    New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.03
percent, or 1.96 points,to 7,448.94 at 2204 GMT
    For a digest of the day's business stories in Australian 
newspapers, click on            

 (Reporting by Nicole Pinto in Bengaluru; Editing by Andrew
Heavens)
  
 
 

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