Australia shares set to open higher ahead of Fed meeting, NZ gains
higher on Tuesday, with miners likely to boost the index after
iron ore prices ticked higher for a third consecutive session.
Focus will be on the U.S. Federal Reserve’s two day policy
meeting, which begins later in the day. Markets have largely
placed bets on the first interest rate cut in a decade.
The local share price index futures rose 0.5% or 33
points, a 0.5% discount to the underlying S&P/ASX 200 index
Posted by Reuters