Aussie shares to open flat on global growth concerns; NZ up

March 28 () – Australian shares are likely to open
little changed on Thursday as investors weigh the likelihood of
a sharper global economic slowdown amid the persistent inversion
of the U.S. Treasury yield curve.
U.S. Treasury bond yields fell again on Wednesday,
heightening fears of a possible recession in the world’s biggest
economy and leading to a weaker finish on Wall Street.
The local share price index futures were flat by
2116 GMT, a 23-point discount to the underlying S&P/ASX 200
index close.
The benchmark ticked up 0.1 percent on Wednesday.
New Zealand’s benchmark S&P/NZX 50 index rose 0.2
percent, or 15.49 points, to 9,714.38 in early trade.

(Reporting by Aditya Soni in Bengaluru, editing by G Crosse)

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