Australian shares set to edge higher; NZ flat
Australian shares are likely to inch
higher on Tuesday, tracking gains on Wall Street as optimism
over economic recovery is expected to continue to lift
sentiment, while an interest rate decision by the central bank
later in the day is also awaited.
The Reserve Bank of Australia is expected to keep the key
cash rate on hold at its policy meeting later in the day.
The local share price index futures rose 0.2%, a
17.8-point premium to the underlying S&P/AS
higher on Tuesday, tracking gains on Wall Street as optimism
over economic recovery is expected to continue to lift
sentiment, while an interest rate decision by the central bank
later in the day is also awaited.
The Reserve Bank of Australia is expected to keep the key
cash rate on hold at its policy meeting later in the day.
The local share price index futures rose 0.2%, a
17.8-point premium to the underlying S&P/AS
Posted by Reuters
