Australia shares set to track Wall Street lower; NZ dips

(Reuters) – Australian shares are poised to open lower on Wednesday, as investors take their cue from a weak session on Wall Street.





© Reuters/Steven Saphore
FILE PHOTO: An investor is reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia

The local share price index futures dipped 0.2%, a 60.2-point discount to the underlying S&P/ASX 200 index close. The benchmark ended 0.9% higher on Tuesday.

Woolworths Group, the country’s top grocer, is set to report half-year results a week after rival Coles Group warned that pandemic-fuelled stockpiling may come to an end.

Video: Bitcoin steams to new record and nears $1 trillion market cap (Reuters)

Bitcoin steams to new record and nears $1 trillion market cap

What to watch next


New Zealand’s central bank, which is scheduled to conduct its meeting later on Wednesday, is expected to maintain the official cash rate (OCR) at the historic low of 0.25% for the rest of the year, according to a Reuters poll.

New Zealand’s benchmark S&P/NZX 50 index dipped 0.2% to 12,368.2 points by 2125 GMT.

(This story corrects fourth paragraph to say ‘New Zealand’, not Australia’s central bank meeting is later.)

(Reporting by Harish Sridharan in Bengaluru; Editing by Peter Cooney)