(Corrects dateline to April 4, not April 3)
April 4 (Reuters) - Australian shares are expected to
inch higher at the open on Tuesday, buoyed by gains in oil
stocks on the back of firmer prices, while weakness in iron ore
prices is likely to impact mining shares.
Investors are eagerly awaiting a rate decision from the
Reserve Bank of Australia, with the central bank expected to
hike by a final 25 basis points to 3.85%.
The local share price index futures rose 0.1% to
7,251 points, a 28.0-point premium to the underlying S&P/ASX 200
index close. The benchmark rose 0.6% at 7,223.00 points
on Monday.
New Zealand's benchmark S&P/NZX 50 index fell 0.3%
to 11,800.20-points during early trade.
(Reporting by Nausheen Thusoo in Bengaluru; Editing by Leslie
Adler)
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