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Australia shares poised for a somber start; NZ lower

Published 06/12/2017, 08:21 am
Updated 06/12/2017, 08:30 am
© Reuters.  Australia shares poised for a somber start; NZ lower
AXJO
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Dec 6 (Reuters) - Australian shares are seen edging lower at open on Wednesday, tracking Wall Street and a dip in base metal prices, while investors may also remain watchful of third quarter economic growth data to be out later in the day.

A Reuters poll shows expectation for the nation's Gross Domestic Product for the third quarter to have risen 0.7 percent from the previous quarter, and 3 percent from the same period last year.

The local share price index futures YAPcm1 fell 0.54 percent, or 32 points to 5,948, a 23.8 point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.2 percent lower in its previous session.

New Zealand's benchmark S&P/NZX 50 index .NZ50 was down 0.07 percent, or 5.42 points to 8,170.79 at 2106 GMT.

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