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Australia shares likely to open flat; NZ rises

(Reuters) – Australian shares are likely to open flat on Monday, having posted their best week in six months last week, as investors await developments on U.S. stimulus talks and local earnings and production results.



graphical user interface: A board displaying stock prices is seen at the Australian Securities Exchange in Sydney


© Reuters/DAVID GRAY
A board displaying stock prices is seen at the Australian Securities Exchange in Sydney


The local share price index futures fell 0.08% as of 2123 GMT, an 11.2-point discount to the underlying S&P/ASX 200 index <.axjo wp_automatic_readability="1.2590266875981"> close. The benchmark was largely flat on Friday.

New Zealand’s benchmark S&P/NZX 50 index <.nz50> rose 0.24% to 12,309.7 in early trade.

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(Reporting by Soumyajit Saha in Bengaluru; Editing by Peter Cooney)

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