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Australian shares likely to open lower as investors await policy easing steps

Published 10/09/2019, 08:20 am
Updated 10/09/2019, 08:30 am
© Reuters.  Australian shares likely to open lower as investors await policy easing steps
AXJO
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Sept 10 (Reuters) - Australian shares are expected to open slightly lower on Tuesday, tracking a lacklustre Wall Street, as market participants await further direction and possible monetary stimulus from central banks in the face of a global slowdown.

A protracted trade war between China and the United States has led to weak economic indicators worldwide, with the top two economies posting weak economic data recently and fuelling hopes for a monetary and fiscal response. local share price index futures YAPcm1 fell 0.136%, a 16-point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark ended flat on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.1% in early trade.

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