May 2, 2017 / 10:46 PM / 5 months ago

Australia shares to open weak; NZ lower

    May 3 (Reuters) - Australian shares are seen opening
slightly lower on Wednesday with investors awaiting the
conclusion of a two-day U.S. Federal Reserve policy meeting.
     While the Fed is expected to hold interest rates steady, as
it pauses to parse more economic data, it may hint it is on
track for an increase in June.              
     The local share price index futures          fell 4 points
to 5,930, a 20.4-point discount to the underlying S&P/ASX 200
index         close. 
    The benchmark fell 0.1 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.13
percent, or 9.39 points, to 7,413.10 at 2233 GMT.
    
For a summary of overnight action across global markets, double
click on          
       
For a digest of the day's business stories in Australian 
newspapers, double click on            

 (Reporting by Rushil Dutta in Bengaluru; editing by Diane
Craft)
  
 
 

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