March 22 (Reuters) - Australian shares are likely to
rise at the open on Wednesday, tracking sharp overnight Wall
Street gains, as investors await the U.S. Federal Reserve's
interest rate hike decision due later in the day.
The local share price index futures rose 0.9%, a
92.6-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.8% higher on Tuesday.
New Zealand's benchmark S&P/NZX 50 index rose 0.4%
to 11,576.44 in early trade.
(Reporting by Echha Jain in Bengaluru; Editing by Leslie Adler)
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