Views Article – Sharenet Wealth

Australasia, News

Australia shares set to open higher, NZ falls

By Soumyajit Saha June 26 (Reuters) – Australian shares looked set to rebound on Friday after dropping over 2% in the previous session, even as new coronavirus cases continue to rise at home and around the world. The country on Thursday recorded its biggest one-day rise in coronavirus cases in two months, with its second most populous state, Victoria, reporting 33 positive cases for the day. The local share price index futures rose 1.2%, a 17.3-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 2.5% on Thursday. In New Zealand, the benchmark S&P/NZX 50 index was down 1.24% in early trade. (Reporting by Soumyajit Saha in Bengaluru; Editing by Leslie Adler)


© 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.