off-the-wire

Australian shares set to rise at open, NZ up

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 28 (Reuters) - Australian shares were set to open higher on Tuesday from a boost in financials as a deal for Silicon Valley Bank's assets is expected to improve investor sentiment while a rise in commodity prices is set to help mining and energy stocks. The local share price index futures rose 0.4%, a 59 point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.1% on Monday.


New Zealand's benchmark S&P/NZX 50 index rose marginally to 11,616.7 points in early trade.



(Reporting by Rishav Chatterjee in Bengaluru Editing by Chris Reese)


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