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Reuters
Reuters
Business

Australia shares likely to open flat; New Zealand slips

FILE PHOTO: A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray

(Reuters) - Australian shares are poised to open little changed on Wednesday as wary investors brace themselves ahead of a Dec. 15 deadline for a new round of U.S. tariffs on Chinese goods.

Markets await concrete headlines from either Washington or Beijing to gain clarity on the direction of the protracted trade dispute that has taken a heavy toll on global economic growth.

The local share price index futures <YAPcm1> dipped 0.05%, a 7.1-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark fell 0.3% on Tuesday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> fell 0.2% in early trade.

(Reporting by Niyati Shetty in Bengaluru)

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