Australia shares set to inch lower; NZ index gains

May 31 (Reuters) – Australian shares were expected to inch lower on Tuesday, after witnessing broad gains for two straight sessions, while global sentiment was lifted after further easing of COVID-19 curbs in China.

The local share price index futures YAPcm1 fell 0.2%, a 3.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 1.5% on Monday.

New Zealand’s benchmark S&P/NZX 50 index .NZ50 rose 0.3% by 2220 GMT.

(Reporting by Jaskiran Singh in Bengaluru)

((jaskiran.singh@thomsonreuters.com))

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