Australia shares set to fall on concerns over global economic recovery

Credit: REUTERS/DANIEL MUNOZ

Australian shares are likely to open lower on Tuesday as concern over renewed lockdown measures in Europe and the UK, following resurgent coronavirus infections, put a dent on the global economic outlook.

Sept 22 (Reuters) - Australian shares are likely to open lower on Tuesday as concern over renewed lockdown measures in Europe and the UK, following resurgent coronavirus infections, put a dent on the global economic outlook.

The local share price index futures fell 0.9%, a 68.6-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.7% on Monday.

New Zealand's benchmark S&P/NZX 50 index slipped 0.2% by 2228 GMT.

(Reporting by Nikhil Subba in Bengaluru Editing by Chris Reese) ((Nikhil.Subba.thomsonreuters.com@reuters.net)) ((For more information on DIARIES & DATA: U.S. earnings diary [RESF/US] Wall Street Week Ahead [.N/O] Global Economy Week Ahead [DATA/] ................................................................ For latest top breaking news across all markets

[NEWS1])) Keywords: AUSTRALIA STOCKS/MORNING

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