01 Jan Australian shares poised to open sharply higher; NZ edges lower
Australian shares are expected to jump on
Thursday as investors take advantage of attractive prices
following a weak showing in equities, while the currency came
under pressure from increasing signs of weakness in China’s
economy.
Wall Street only edged up overnight as bargain-hunting was
offset by fears of a global economic slowdown. A surge in oil
prices will likely prop up energy shares.
Australia share price index futures rose 1.6
percent, a 1
Thursday as investors take advantage of attractive prices
following a weak showing in equities, while the currency came
under pressure from increasing signs of weakness in China’s
economy.
Wall Street only edged up overnight as bargain-hunting was
offset by fears of a global economic slowdown. A surge in oil
prices will likely prop up energy shares.
Australia share price index futures rose 1.6
percent, a 1
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