News: Australia, NZ shares to join global retreat as jitters return

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    SYDNEY, July 6 (Reuters) - Australian shares look set to open lower on Wednesday as jitters over the long-run implications of Brexit and concerns about global growth hit risk assets of all stripes while boosting safe-haven bonds.

    The local share price index futures YAPcm1 fell 0.4 percent, a 57-point discount to the underlying S&P/ASX 200 index (xjo) close. The benchmark fell 1.0 percent on Tuesday to 5,228.

    Bond yields in a range of countries fell to record lows while many commodities came under pressure, with oil hardest hit.

    Dealers cited various factors including a fresh warning from the Bank of England on the economic outlook, a plunge in the pound and worries about Italy's shaky banking sector.

    New Zealand's benchmark S&P/NZX 50 index (nz50) fell 0.1 percent in early trade.

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