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Reuters
Reuters
Business

Australia shares set for higher start; NZ inches up

Pedestrians are reflected in a window displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 13, 2018. REUTERS/David Gray/File Photo

(Reuters) - Australian shares are expected to open higher on Tuesday in line with Wall Street, which edged higher helped by a reduction in trade war worries after a deal was struck to replace NAFTA.

In Australia, investors will be also keep an eye out for the central bank's decision on the cash rate which is expected to stretch its record spell of steady rates well into next year.

The local share price index futures <YAPcm1> rose 0.11 percent or 7 points to 6,167, a 5.3-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark fell 0.6 percent or 35.3 points on Monday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> was up 0.12 percent at 2108 GMT.

(Reporting by Shanima A in Bengaluru; Editing by James Dalgleish)

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