July 22 (Reuters) - Australian shares were headed for a fall on Wednesday after enjoying their best session in over a month on Tuesday, despite overnight rallies in stock markets around the world.
World shares rallied to their highest since February on Tuesday after European Union leaders agreed on a landmark stimulus package, with all major Wall Street indexes closing higher. MKTS/GLOB .N
The local share price index futures YAPcm1 fell 1.1%, an 83.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 2.6% on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.1% to 11,750.87 points in early trade.