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Reuters
Reuters
Business

Australian shares set to strengthen, New Zealand rises

FILE PHOTO: Office workers are reflected as they walk past the Australian Securities Exchange building in central Sydney April 8, 2011. REUTERS/Daniel Munoz

(Reuters) - Australian shares are likely to track their Wall Street peers higher on Friday after reports of possible leeway in the Sino-U.S. trade standoff helped risk appetite.

The local share price index futures <YAPcm1> rose 15 points to 5,762.0, a 26-point premium to the underlying S&P/ASX 200 index <.AXJO> close, which ended relatively flat on Thursday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose around 0.2 percent in early trade.

(Reporting by Ambar Warrick in Bengaluru; Editing by Hugh Lawson)

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