Australian shares likely to open higher, NZ up

Feb 28 (Reuters) - Australian shares are likely to open higher on Tuesday, tracking Wall Street overnight, with positive U.S. economic data offering some respite from worries about the impact of a tighter monetary policy. The local share price index futures rose 0.5%, a 23.8-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 1.1% on Monday.

New Zealand's benchmark S&P/NZX 50 index was up 0.1% in early trade. (Reporting by John Biju in Bengaluru; Editing by Maju Samuel)

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Australian shares likely to open higher, NZ up

By Reuters

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