Aug 7 (Reuters) - Australian shares are expected to rise on Tuesday, tracking overnight strength on Wall Street, while commodity stocks are expected to benefit from stronger prices.
However, trading is expected to be subdued ahead of the Reserve Bank of Australia's decision on its benchmark cash rate, due later in the day. The bank is expected to stay pat. local share price index futures YAPcm1 rose 3 points to 6211, a 62-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.6 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.1 percent in early trade.