Economy 1 MIN READ

Australian shares to open marginally higher, NZ falls

May 15, 2023By Reuters

Australian shares are likely to open marginally higher on Monday even as bearish investor sentiment strengthened further in global markets after a report showed US consumer sentiment slumped to a six-month low in May.

The local share price index futures rose 0.1%, a 17.3-point premium to the underlying S&P/ASX 200 index  close. The benchmark rose 0.1% on Friday.

New Zealand’s benchmark S&P/NZX 50 index  was down 0.4% in early trade.

(Reporting by John Biju in Bengaluru; Editing by Cynthia Osterman)

This article originally appeared on

Read More Articles About: