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Australia shares seen set for a higher start; NZ edges up
October 2, 2017 / 9:14 PM / in 18 days

Australia shares seen set for a higher start; NZ edges up

    Oct 3 (Reuters) - Australian shares are poised for a higher
open on Tuesday with a strong handover from Wall Street, but
investors may remain cautious ahead of a central bank meeting
decision on interest rates due later in the day.     
    A Reuters poll showed that the Reserve Bank of Australia is
expected to stand pat on its interest rate at a record low of
1.5 percent at its October meeting.             
    The local share price index futures          rose 0.3
percent, or 19 points, to 5,731, a 1.7-point premium to the
underlying S&P/ASX 200 index         close. The benchmark closed
0.8 percent higher in its previous session.
    New Zealand's benchmark S&P/NZX 50 index         was up 0.04
percent, or 3.16 points, to 7,932.05 at 2107 GMT.
       

 (Reporting by Susan Mathew in Bengaluru; Editing by James
Dalgleish)
  
 
 

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