off-the-wire

Australian shares set to gain at open, NZ rises

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 15 (Reuters) - Australian shares were set to open higher on Wednesday as concerns of a banking crisis eased, while largely on-point U.S. inflation data raised bets for a smaller interest rate hike by the Federal Reserve next week.


The local share price index futures rose 1%, a 43.1-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 1.4% on Tuesday.


New Zealand's benchmark S&P/NZX 50 index rose 0.1% in early trade. (Reporting by Poonam Behura Editing by Chris Reese)


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