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Reuters
Reuters
Business

Australia shares set to rise; New Zealand up

Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

(Reuters) - Australian shares are poised to open higher on Monday as investor sentiment improves on signs of thawing U.S.-China trade tensions.

Local share price index futures <YAPcm1> rose 17 points to 5,739, a 8.4-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended marginally lower on Friday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose 0.1 percent in early trade.

(Reporting by Niyati Shetty in Bengaluru; editing by David Evans)

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