Markets

Australia shares set to open higher, NZ gains

  • The local share price index futures rose nearly 0.3%, a 66.3-point discount to the underlying S&P/ASX 200 index close
Published July 27, 2021 Updated July 27, 2021 10:32am
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Australian shares are likely to open higher on Tuesday, helped by strong iron ore and copper prices which could also drive the country's mining index higher, while a rise in new COVID-19 cases is likely to weigh on risk appetite.

The local share price index futures rose nearly 0.3%, a 66.3-point discount to the underlying S&P/ASX 200 index close.

The benchmark ended flat on Monday.

Australian shares poised to open higher, NZ edges up

New Zealand's benchmark S&P/NZX 50 index rose 0.2% by 1027 GMT.