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Australia shares seen rising as Britain votes; NZ higher

Published 24/06/2016, 08:40 am
© Reuters.  Australia shares seen rising as Britain votes; NZ higher
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SYDNEY, June 24 (Reuters) - Australian shares are seen starting in positive territory for a second day on Friday as polls suggest that Britain has voted to remain in the European Union. share price index futures YAPcm1 jumped 1.1 percent overnight to 5,294 points, swinging to a premium of 13.3 points to the underlying S&P/ASX 200 index .AXJO . The benchmark closed 0.2 percent higher on Thursday at 5,280.70.

Investors will keep a keen eye on banking shares such as Commonwealth Bank CBA.AX and ANZ ANZ.AX which are seen as likely beneficiaries from a "remain" vote in Britain while gold miners such as Newcrest NCM.AX and Evolution EVN.AX may drop.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.4 percent to 6,847.8 points in early trade.

For a summary of overnight action across global markets, double click on AU/CALL

For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB

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