Australia shares likely to rise at open, NZ up

March 17 (Reuters) - Australian shares were poised to open higher on Friday, tracking Wall Street gains, as fears of a global banking crisis eased after large banks jumped in to rescue embattled lender First Republic Bank.

The local share price index futures rose 0.4%, a 46.5-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 1.5% on Thursday.

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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off-the-wire

Australia shares likely to rise at open, NZ up

By Reuters

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