Australia shares set to open flat; NZ flat

Feb 28 (Reuters) - Australian shares are set to open little changed on Thursday, with expected gains in energy stocks from rising oil prices to be offset by risk-off sentiment after cautionary U.S. comments on trade talks with China. U.S. Trade Representative Robert Lighthizer said it was too early to predict an outcome in U.S.-China trade talks and that issues with China are "too serious" to be resolved with promises from Beijing to purchase more U.S. goods. The local share price index futures rose 0.08 percent, a 14.3-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.4 percent on Wednesday. New Zealand's benchmark S&P/NZX 50 index rose 0.1 percent or 13.02 points to 9,294.49 in early trade. (Reporting by Shreya Mariam Job in Bengaluru; Editing by Richard Chang)

2019-02-27 23:27:24

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.