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Australia shares set for soft opening ahead of economic data; NZ down

Published 07/09/2016, 08:45 am
Updated 07/09/2016, 08:50 am
© Reuters.  Australia shares set for soft opening ahead of economic data; NZ down
AXJO
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Sept 7 (Reuters) - Australian shares are poised to open slightly lower on Wednesday as investors await GDP data and for clues on the health of the economy.

After the Reserve Bank of Australia stood pat on interest rates at Tuesday's policy meeting, the market's focus now shifts to GDP data. local share price index futures YAPcm1 fell 0.2 percent, a 12.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended down 0.3 percent on Tuesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 briefly touched a record high at the opening before falling 0.041 percent at 2230 GMT.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, click on

AU/CALL For a digest of the day's business stories in Australian newspapers, click on

PRESS/AUB

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