Australia shares poised to open lower as global economy slows

Credit: REUTERS/DAVID GRAY

Australian shares are set to open lower on Thursday as risk sentiment took a hit after data showed business activity in the United States and the Euro zone slowed in September due to the COVID-19 pandemic.

Sept 24 (Reuters) - Australian shares are set to open lower on Thursday as risk sentiment took a hit after data showed business activity in the United States and the Euro zone slowed in September due to the COVID-19 pandemic.

The local share price index futures fell 0.9%, a 73.9-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 2.4% on Wednesday.

New Zealand's benchmark S&P/NZX 50 index fell 0.4% by 2223 GMT.

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[NEWS1])) Keywords: AUSTRALIA STOCKS/MORNING

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