March 16 (Reuters) - Australian shares are expected to snap three sessions of losses and turn higher on Friday, with miners supported by solid iron ore and steel prices. IRONORE/
However, financial stocks may continue to see pressure amid a government-backed inquiry into the sector. local share price index futures YAPcm1 rose 0.2 percent or 12 points to 5,923, a 2.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.2 percent on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell slightly in early trade.