Australian shares likely to open lower, NZ down marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Australian shares closed lower in
thin trading on Friday but posted a yearly gain, helped by a
rally in December, as optimism about interest rate cuts early
next year boosted market sentiment in.
Australian shares tracked global
markets higher on Thursday to close at their highest level in 20
months on rising bets that key central banks will start trimming
interest rates early next year. .
Australian shares ended at a near
11-month closing high on Wednesday, led by heavyweight mining
stocks, while gains on Wall Street on growing bets of U.S.
interest rate cuts further boosted investor.
Australian shares clocked their
biggest jump in more than a year on Wednesday led by financials
and miners, as optimism grew that the country s central bank was
done with its interest rate hikes after.