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Australian shares set to recover; New Zealand stocks fall

Published 14/09/2018, 08:12 am
Updated 14/09/2018, 08:20 am
© Reuters.  Australian shares set to recover; New Zealand stocks fall

Sept 14 (Reuters) - Australian shares are set to recover on Friday following a rise in global equities as signs of movement in Sino-U.S. trade talks caused risk appetite to improve.

Local financial stocks .AXFJ are due for a recovery after hitting a near 3-month low on Thursday. The sector has been heavily sold off amidst an ongoing inquiry.

The local share price index futures YAPcm1 rose 27 points to 6158, a 29.3-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell nearly 0.8 percent in its previous session.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.3 percent in early trade.

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