Australian shares poised to open higher, NZ up

March 6 (Reuters) - Australian shares are to set to open higher on Monday following Wall Street's strong close last week, while investors await the Reserve Bank of Australia's monitory policy decision on Tuesday.

The local share price index futures rose 0.9%, a 14.4-point premium to the underlying S&P/ASX 200 index close. The benchmark shed 0.3% last week.

New Zealand's benchmark S&P/NZX 50 index was up 0.3% in early trade.

(Reporting by John Biju in Bengaluru; Editing by Lisa Shumaker)

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Australian shares poised to open higher, NZ up

By Reuters

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