SYDNEY, Aug 28 (Reuters) - Australian shares are poised to open higher on Friday, following a strong finish on Wall Street and a rebound in metals prices after data showed the U.S. economy grew faster than expected in the second quarter.
Local share price index futures YAPcm1 rose 1.7 percent to 5,276.0, a 42.7-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark gained 1.2 percent on Thursday, rallying for a third consecutive session. New Zealand's benchmark NZX 50 index .NZ50 rose 0.9 percent to 5,684.6 in early trade.
Australian supermarket chain Woolworths Ltd WOW.AX reported a 12.5 percent fall in full year profit on Friday, its first drop in at least 19 years, and its chairman stepped down. ID:nL4N1125Z5
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