May 30 (Reuters) - Australia stocks are expected to fall on Wednesday, in line with a global selloff in equities following a rally in U.S. Treasury bonds and a brewing political crisis in Italy.
A deepening political crisis in Italy, the euro zone's third biggest economy, fuelled a selloff in Italian assets and the euro on Tuesday. MKTS/GLOB
The local share price index futures YAPcm1 slid 0.7 percent, a 45-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.2 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.3 percent in early trade.