Australia shares set for modest losses, NZ rises

Reuters
19 Feb
Australia shares set for modest losses, NZ rises

Feb 19 (Reuters) - Australian shares were likely set to extend losses into a third consecutive session on Wednesday, with investors focusing on results from blue-chip firms like National Australia Bank NAB.AX and Santos STO.AX.

The local share price index futures YAPcm1 were largely unchanged but trading at a 44-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended at its lowest level in two weeks on Tuesday.

In New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose 0.2% in early trading on Wednesday. The Reserve Bank of New Zealand is widely expected to slash its key interest rate by 50 basis points later in the day, as per a Reuters poll.

(Reporting by Sameer Manekar in Bengaluru; Editing by Chris Reese)

((Sameer.Manekar@thomsonreuters.com;))

For more information on DIARIES & DATA:
 U.S. earnings diary  RESF/US  
 Wall Street Week Ahead   .N/O
 Global Economy Week Ahead DATA/
................................................................
For latest top breaking news across all markets          NEWS1

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10