Australian shares poised for stronger open, NZ rises
Australian shares are expected to open
higher on Friday following a strong Wall Street lead and broader
optimism fueled by the preliminary U.S.-China trade deal.
Markets will also likely focus on quarterly production
figures from Anglo Australian miner Rio Tinto – the
country’s third largest firm by market value and a major iron
ore player.
The local share price index futures rose 0.5%, a
26.8-point discount to the underlying S&P/ASX 200 index
higher on Friday following a strong Wall Street lead and broader
optimism fueled by the preliminary U.S.-China trade deal.
Markets will also likely focus on quarterly production
figures from Anglo Australian miner Rio Tinto – the
country’s third largest firm by market value and a major iron
ore player.
The local share price index futures rose 0.5%, a
26.8-point discount to the underlying S&P/ASX 200 index
Posted by Reuters
