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Australasia, News

Australia shares likely to retreat on mixed cues from Wall Street, NZ flat

April 15 (Reuters) – Australian shares are set to fall on Thursday with investors likely to take a cautious stance following mixed cues on Wall Street, with weak iron ore and gold prices expected to weigh on miners. The local share price index futures fell 0.54%, a 68.1-point discount to the underlying S&P/ASX 200 index close. The benchmark closed above 7,000 points on Wednesday for the first time since late February last year. New Zealand’s benchmark S&P/NZX 50 index was mostly flat in early trade. (Reporting by Savyata Mishra in Bengaluru; Editing by Leslie Adler)

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