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Australia shares set to open higher before central bank meeting; NZ up

Published 06/12/2016, 08:27 am
Updated 06/12/2016, 08:30 am
© Reuters.  Australia shares set to open higher before central bank meeting; NZ up
AXJO
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Dec 6 (Reuters) - Australian shares are expected to open higher on Tuesday, tracking gains on Wall Street, with energy and mining stocks set to benefit from rising oil and iron ore prices. .N O/R IRONORE/

A focus for investors will be the Reserve Bank of Australia's monthly policy meeting, at which it is expected to leave its cash rate at a record low of 1.5 percent. ECONAU RPOLL local share price index future YAPcm1 was 0.9 percent, or 51 points, higher at 5,448, a 47.6-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.8 percent on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3 percent, or 20.9 points, to 6,875.65 at 2115 GMT.

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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