May 29, 2018 / 10:12 PM / in 21 days

Australia shares to slip; NZ falls

    May 30 (Reuters) - Australia stocks are expected to fall on
Wednesday, in line with a global selloff in equities following a
rally in U.S. Treasury bonds and a brewing political crisis in
Italy.
    A deepening political crisis in Italy, the euro zone's third
biggest economy, fuelled a selloff in Italian assets and the
euro on Tuesday.            
    The local share price index futures          slid 0.7
percent, a 45-point discount to the underlying S&P/ASX 200 index
        close. The benchmark rose 0.2 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.3
percent in early trade.

 (Reporting by Karthika Suresh Namboothiri in Bengaluru; Editing
by Sandra Maler)
  
 
 
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