June 15 (Reuters) - Australian shares are set to open higher on Monday as the government announces more spending on infrastructure and fast-track approval for projects, while its two largest states continue easing virus-led restrictions.
Prime Minister Scott Morrison is set to unveil on Monday about $1.03 billion of spending on infrastructure and fast-tracking of approval for projects to boost economic recovery, according to speech extracts sent to Reuters. nation's two largest states, New South Wales and Victoria, will further ease restrictions put in place because of the coronavirus pandemic, officials said on Sunday. local share price index futures YAPcm1 rose 0.4%, but at a 13.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell nearly 2% on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.9% in early trade.