March 1 Australian shares are set for a
lacklustre start on Wednesday, with declines on Wall Street and
weaker overnight oil and iron ore prices souring sentiment.
U.S. stocks slipped on Tuesday as investors braced for
President Donald Trump's address to Congress.
Local investors will also be keeping an eye out for
Australian gross domestic product (GDP) data due later in the
day, which is forecast to show growth of 0.7 percent in the
fourth quarter, bouncing from a shock 0.5 percent contraction in
The local share price index futures dipped 0.1
percent to 5,678, a 34.2-point discount to the underlying
S&P/ASX 200 index close. The benchmark fell 0.2 percent
New Zealand's benchmark S&P/NZX 50 index slid 0.3
percent in early trade.
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(Reporting by Shashwat Pradhan in Bengaluru)