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Australia shares likely to take a breather, NZ gains

Published 07/04/2021, 08:26 am
Updated 07/04/2021, 08:30 am
© Reuters.
AXJO
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NZ50
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April 7 (Reuters) - Australian shares are poised to open flat on Wednesday after three straight sessions of gains, with a pullback on Wall Street likely to offset gains in commodity-exposed stocks from strength in crude and metal prices.

All three major U.S. stock indexes closed in the red overnight, pulling back from the prior session's record closing highs, while Treasury yields edged lower. MKTS/GLOB

In Australia, the local share price index futures YAPcm1 rose 0.04%, a 22.9-point discount to the underlying S&P/ASX 200 index .AXJO close.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.5% by 2221 GMT.

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