Australian shares likely to rise at open, NZ flat

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 3 (Reuters) - Australian shares set to open higher on Monday, tracking the gains on Wall Street, while investors await the Reserve Bank of Australia's monitory policy decision scheduled for Tuesday, where a 25-basis point hike or a pause is expected. The local share price index futures rose 0.6%, a 58.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended Friday 0.8% higher at 7,177.8 points. New Zealand's benchmark S&P/NZX 50 index was largely flat at 11,884.19 points during early trade.



(Reporting by Nausheen Thusoo in Bengaluru)


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