May 3 Australian shares are seen opening
slightly lower on Wednesday with investors awaiting the
conclusion of a two-day U.S. Federal Reserve policy meeting.
While the Fed is expected to hold interest rates steady, as
it pauses to parse more economic data, it may hint it is on
track for an increase in June.
The local share price index futures fell 4 points
to 5,930, a 20.4-point discount to the underlying S&P/ASX 200
The benchmark fell 0.1 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index fell 0.13
percent, or 9.39 points, to 7,413.10 at 2233 GMT.
For a summary of overnight action across global markets, double
For a digest of the day's business stories in Australian
newspapers, double click on
(Reporting by Rushil Dutta in Bengaluru; editing by Diane