BROWSE

Australia shares set to drag U.S. counterparts lower, NZ up

Australian shares were set to drop on Thursday, after Wall Street tumbled overnight on Federal Reserve concerns that the pandemic-hit U.S. economy faces a tough road to recovery. The local share price index futures fell 0.25%, a 65.6-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.7% to a more than five-month high on Wednesday. New Zealand's benchmark S&P/NZX 50 index rose 0.08% by 2223 GMT. (Reporting by Deepali Saxena; Editing by Sandra Maler) Our Standards:The Thomson Reuters Trust Principles.0 : 0narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersAdvertise with UsAdvertising GuidelinesCookiesTerms of UsePrivacyDo Not Sell My Personal InformationAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. 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