Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australian shares set to open lower; New Zealand slips

FILE PHOTO: An investor looks at a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, July 17, 2017. REUTERS/Steven Saphore

(Reuters) - Australian shares were likely to fall on Thursday, weighed down by energy stocks, as a surprise rise in U.S. crude inventories hit oil prices and raised concerns over global demand outlook.

Meanwhile, the U.S. Federal Reserve left its key interest rates on hold on Wednesday, in line with expectations, but signalled that borrowing costs are likely to remain unchanged indefinitely.

The local share price index futures <YAPcm1> fell 0.4%, a 27.6-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose 0.7% on Wednesday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> was down 0.1% by 2109 GMT.

(Reporting by Niyati Shetty in Bengaluru)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.