By Soumyajit Saha
June 16 (Reuters) - Australian shares are set to snap a three-day losing run on Tuesday and track gains on Wall Street after the U.S. Federal Reserve made changes to its corporate bond purchasing program, while firmer oil prices should benefit energy stocks.
All three major U.S. stock indexes closed higher as risk sentiment was boosted by the Fed's decision to apply an indexing approach to its secondary market corporate credit facility. .N
Meanwhile, oil prices jumped over 2% on signs of recovery in fuel demand and hopes of compliance from OPEC+ members on a production cut deal. O/R
The local share price index futures YAPcm1 rose 2.5%, at a 156.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell over 2% on Monday.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 was down 0.38% to 10,864.1 in early trade.