April 26 (Reuters) - Australian shares are expected to rise on Wednesday tracking Wall Street, which rose substantially overnight on a bevy of strong corporate earnings.
The Nasdaq Composite hit a record high on Tuesday, while the Dow Jones Industrials and S&P 500 brushed against recent peaks. .N
The local share price index futures YAPcm1 rose 25 points to 5,899, a 27.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 3 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose about 0.3 percent in early trade.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, click on
AU/CALL For a digest of the day's business stories in Australian newspapers, click on
PRESS/AUB
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