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Reuters
Reuters
Business

Australia shares poised to rise at open, New Zealand ticks up

FILE PHOTO: A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray

Australian shares are set to open higher on Thursday ahead of earnings announcements from major corporations, while news that the spread of coronavirus could be slowing also boosted sentiment.

The local share price index futures <YAPcm1> rose 0.6%, a 27.2-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose half a percentage point on Wednesday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose about 0.1% by 2115 GMT.

(Reporting by Sameer Manekar in Bengaluru; Editing by Chris Reese)

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