Australian shares set to open higher on central bank rate cut hopes

Australian shares are set to open higher on Friday. The benchmark rose 0.5pc on Thursday. New Zealand's b
19 Sep, 2019
  • Australian shares are set to open higher on Friday.
  • The benchmark rose 0.5pc on Thursday.
  • New Zealand's benchmark S&P/NZX 50 index rose 0.1pc in early trade.

 

Energy stocks will also likely firm as oil prices rose overnight on fears that the strikes on Saudi Arabia's oil facilities could result in a longer-than-expected supply disruptions.

The local index futures rose 0.15pc, a 3.5-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.5pc on Thursday.

New Zealand's benchmark S&P/NZX 50 index rose 0.1pc in early trade.

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