Markets
Australia shares likely to open higher, NZ rises
- The local share price futures index rose 0.2%, a 50-point discount to the underlying S&P/ASX 200 index close
Australian shares are poised to open higher, tracking a buoyant sentiment on Wall Street overnight, with materials sector stocks likely to extend gains on soaring commodities prices.
The local share price futures index rose 0.2%, a 50-point discount to the underlying S&P/ASX 200 index close.
The benchmark was up 0.2% at 7,503 points at the close of trade, gaining for the second consecutive day on Tuesday.
New Zealand's benchmark S&P/NZX 50 index rose 0.7% to 13164.5 points in early trade.
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