March 28 Australian shares are expected to inch
slightly higher on Tuesday, as investors remain hopeful that the
U.S. healthcare reform bill's failure will pave the way for
quicker action on the rest of President Donald Trump's agenda.
Material stocks are seen continuing their downward slide,
thanks to Chinese steel and iron ore futures sinking to February
lows amid concerns about growing inventories.
Oil prices fell as investors remained uncertain whether
producing nations would extend an OPEC-led output cut beyond the
end of June in an effort to reduce a global glut.
The local share price index futures rose 0.3
percent, or 16 points at 5,752, a 5.3-point premium to the
underlying S&P/ASX 200 index close.
The benchmark closed 6.85 points or 0.12 percent lower on
New Zealand's benchmark S&P/NZX 50 index rose
marginally by 2106 GMT.
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(Reporting by Krishna V Kurup in Bengaluru; Editing by James