Company News

Australia shares set to open flat ahead of U.S. election outcome; NZ gains

    Nov 4 (Reuters) - Australian shares were set to open flat on
Wednesday as investors adopted a cautious stance ahead of the
U.S. presidential election results with bets that a clear
outcome is likely to deliver more fiscal stimulus.
    Wall Street advanced overnight as Democratic nominee Joe
Biden leads President Donald Trump in the final polls, raising
expectations for a decisive outcome and a post-election stimulus
package that would make good on Biden’s promises of
infrastructure spending.     
    The local share price index futures          were up 0.06%,
a 10.4-point discount to the underlying S&P/ASX 200 index
        close. The benchmark climbed nearly 2% on Tuesday.
    In New Zealand, the benchmark S&P/NZX 50 index         rose
0.7% in early trade. 

 (Reporting by A K Pranav in Bengaluru)