May 26 (Reuters) - Australian shares are set to rise on Tuesday as optimism over economic recovery after the easing of coronavirus lockdown measures is expected to buoy investor sentiment.
Prime Minister Scott Morrison is also set to give a speech in Canberra on Tuesday afternoon, extracts of which were sent to Reuters. Australia's economy must not become reliant on government stimulus, he will say, as Canberra unwinds state support and accelerates plans to spur growth. share price index futures YAPcm1 rose 0.8%, a 57.4-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 2.2% on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 1.1% in early trade.