Australia Shares May Dip After Days of Gains
Australian shares are poised to open a touch lower on caution over stalled U.S. growth, with investors taking a breather following the local market's longest winning streak in more than nine years.
Local share price index futures slipped 0.1 percent to 4,855.0, a 41.7 point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.2 percent on Wednesday to a 21-month closing high.
New Zealand's benchmark NZX 50 index slipped 1.3 points to 4,246.3 in early trade.
U.S. stocks fell on Wednesday after the Federal Reserve said economic growth had stalled but indicated the pullback was likely temporary. Data showed U.S. gross domestic product had unexpectedly contracted in the fourth quarter.
Copper climbed to the highest in nearly a month on largely upbeat economic data, but the upside was capped by caution about weak underlying metals demand and the setback in U.S. growth. Gold also rose.
Top supermarkets chain Woolworths reports December quarter sales on Thursday. On Wednesday, arch rival Wesfarmers reported 3.9 percent quarterly sales growth at its Coles supermarkets, excluding new stores.
Origin Energy is due to report quarterly production.