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Australia shares seen falling on growth worries, NZ stocks dip

Published 09/02/2016, 09:06 am
Updated 09/02/2016, 09:10 am
© Reuters.  Australia shares seen falling on growth worries, NZ stocks dip
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SYDNEY, Feb 9 (Reuters) - Australian stocks are set to fall on Tuesday, tracking a sell-off on Wall Street following worries about global growth and sliding oil prices.

Stock index futures YAPcm1 dropped 1.3 percent to 4,859 or a 64-point discount to the close of the underlying S&P/ASX 200 index .AXJO on Monday.

The benchmark closed unchanged in the last session, but was still down 6 percent so far this year.

Natural resources and financial stocks are likely to come under pressure with global miner BHP Billiton (L:BLT) BHP.AX seen opening around 2.4 percent lower.

Cochlear COH.AX , the world's top hearing implants maker, will release its results during the session.

New Zealand's benchmark S&P/NZX 50 index .NZ50 slipped 0.8 percent in early trade, having been closed for a public holiday on Monday.

For a summary of overnight action across global markets, double click on AU/CALL

For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB

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