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Reuters
Reuters
Business

Australian shares set for a positive start; New Zealand up

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

(Reuters) - Australian shares are expected to open higher on Tuesday as risk appetite may remain supported by a strong performance on Wall Street overnight.

The local share price index futures <YAPcm1> rose 0.5 percent, or 35 points, to 6,050, a 7.8-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended Monday up 0.7 percent.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose 0.4 percent, or 29.45 points, to 8,369.98 at 2105 GMT.

(Reporting by Susan Mathew in Bengaluru; Editing by Kevin Liffey)

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