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Markets

Australia shares set for a positive start, NZ rises

  • The local share price index futures rose 0.8%, a 53.1-point premium to the underlying S&P/ASX 200 index close. The benchmark closed flat on Thursday.
Published May 28, 2021

Australian shares are set to open higher on Friday, in line with global markets, as strong US economic data solidified hopes of continuing economic recovery, while a rebound in iron ore is expected to boost blue-chip local miners.

The local share price index futures rose 0.8%, a 53.1-point premium to the underlying S&P/ASX 200 index close. The benchmark closed flat on Thursday.

New Zealand's benchmark S&P/NZX 50 index rose 0.3% to 12,277.80 in early trade.

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