Australia shares set to edge higher on China stimulus hopes; NZ flat
Reuters
Published Jan 16, 2019 08:23
Australia shares set to edge higher on China stimulus hopes; NZ flat
Jan 16 (Reuters) - Australian shares are likely to edge higher on Wednesday, following a firmer finish on Wall Street as China hinted at further stimulative measures to revitalise its slowing economy.
The news came just a day after China posted grim trade data for December, indicating that the damaging tariff war with the United States had taken a toll on the world's second largest economy.
The local share price index futures YAPcm1 rose 0.1 percent to 5,757 by 2058 GMT, a 57.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.7 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was little changed in early trade at 8,965.45.
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Written By: Reuters
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