Australian shares to soften; NZ flat
March 5 (Reuters) - Australian shares are set to track Wall
Street lower on Tuesday, while most large sectors are expected
to see some profit-taking after a series of strong gains.
The lead-up to the Reserve Bank of Australia's policy
meeting later in the day is also expected to lend an air of
caution, although most participants expect the bank to stand pat
on its record-low rates.
The local share price index futures fell 42 points
to 6,171.0, a 46.4-point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.4 percent on Monday,
its fourth straight session of gains.
New Zealand's benchmark S&P/NZX 50 index was largely
flat in early trade.
(Reporting by Ambar Warrick in Bengaluru; Editing by Leslie
© 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.