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Australia shares set to track Wall Street higher on U.S. stimulus hopes

Published 28/07/2020, 08:31 am
AXJO
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NZ50
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July 28 (Reuters) - Australian shares were poised to rise at the open on Tuesday, after big tech companies pushed Wall Street higher overnight and investors set sights on further U.S. government stimulus to blunt the coronavirus pandemic's financial impact.

U.S. Senate Republicans announced a $1 trillion coronavirus aid package and prepared to engage in negotiations with Democrats to draw up a concrete plan to aid citizens as expanded unemployment benefits expire on Friday. local share price index futures YAPcm1 rose 0.4%, a 10.2-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.34% on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.2% by 2219 GMT.

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