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Australian shares are likely to rise on Tuesday, with robust commodity prices expected to aid energy and mining stocks, while investors cautiously look forward to a key monetary policy meeting from the Reserve Bank of Australia later in the day.
The local share price index futures rose about 0.6%, a 61.6 point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.2% on Monday.
Banks, miners weigh on Australia shares ahead of RBA meeting
New Zealand's benchmark S&P/NZX 50 index rose 0.8% in early trade.