February 14, 2017 / 9:18 PM / a year ago

Australia shares expected to open higher; NZ up

    Feb 15 (Reuters) - Australian shares will likely gain on
Wednesday, with financial stocks to take cues from their U.S.
peers, while higher iron prices are set to lend further support.
    Financial stocks powered Wall Street to a record high after
Federal Reserve Chair Janet Yellen said the central bank will
likely need to raise interest rates at an upcoming meeting.
    The local share price index futures          rose 0.5
percent to 5,729.0, a 26.242-point discount to the underlying
S&P/ASX 200 index         close. The benchmark fell 0.1 percent
on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.3
percent, or 24.46 points, to 7,175.35 in early trade.
For a summary of overnight action across global markets, double
click on          
For a digest of the day's business stories in Australian 
newspapers, double click on            

 (Reporting by Suhail Hassan Bhat in Bengaluru; Editing by Hugh
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