Australia shares set to open lower, NZ edges upward

Feb 26 (Reuters) - Australian shares are set to open lower
on Tuesday with energy stocks expected to face pressure from a
drop in oil prices, while losses will likely be tempered by
optimism tied to a possible truce in the U.S.-China trade
dispute.
U.S. President Donald Trump said on Monday he was optimistic
that a final trade deal could be reached with China and that he
would hold a summit to sign any pact, but cautioned that an
agreement may still not happen.
The local share price index futures fell 0.3
percent, a 58.3-point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.3 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index edged
higher by 0.1 percent, or 11.27 points, in early trade to
9,355.9.

(Reporting by Shreya Mariam Job in Bengaluru, editing by G
Crosse)



First Published: 2019-02-25 00:19:57
Updated 2019-02-25 23:34:45


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