Australian shares were set to open higher on Tuesday, mirroring overnight gains on Wall Street, ahead of the central bank's policy meet later in the day where interest rates are expected to remain unchanged.
A Reuters poll shows the Reserve Bank of Australia is likely to hold key rates at a historic low of 0.1% at its monthly policy meeting on Tuesday, with rates seen at that level through the end of 2022.
The local share price index futures rose about 9%, a 27.4-point premium to the underlying S&P/ASX 200 index close.
The benchmark closed 1.7% higher on Monday.
New Zealand's benchmark S&P/NZX 50 index was up 1.17% by 2122 GMT.
Comments
Comments are closed for this article.