SYDNEY, July 7 (Reuters) - Australia's share market is set to open flat on Thursday, after fears for the stability of the European Union spurred falls on Wednesday, ending the bourse's week-long rally.
The local share price index futures YAPcm1 rose 0.7 percent, but it remains at an 8.5-point discount to the underlying S&P/ASX 200 index (xjo) close. The benchmark fell 0.58 percent to 5,197.5 points on Wednesday, after hitting a one-week low.
New Zealand's benchmark S&P/NZX 50 index (nz50) rose 0.29 percent or 20.22 points in early trade, to 6,997.84 points.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, clickon [AU/CALL] For a digest of the day's business stories in Australian newspapers, click on [PRESS/AUB]
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
