Australian shares set to open flat, NZ climbs

Oct 16 (Reuters) - Australian shares are set to start
unchanged on Tuesday, with gains in energy stocks potentially
offsetting remnant jitters about the prospect of higher U.S.
interest rates and global trade fears.
Rising tensions between Western powers and Saudi Arabia
inspired fresh concerns over global economic growth, depressed
major world markets and sent investors seeking shelter in
safe-havens like gold.
Oil prices steadied on Monday, supported by geopolitical
tension over the disappearance of a Saudi journalist that has
stoked worries about supplies from Riyadh, but weighed by
concern over long-term demand outlook.
The local share price index futures were flat, at
5,818, a 19.1-point discount to the underlying S&P/ASX 200 index
close. The benchmark fell about 1 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index advanced
0.1 percent or 6.93 points, to 8,845.0.

(Reporting by Devika Syamnath in Bengaluru;
Editing by Sandra Maler)

2018-10-15 23:11:52

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.