Australia shares poised to open higher; New Zealand flat
March 19 (Reuters) - Australian shares are expected to open
higher on Tuesday, tracking a Wall Street rally ahead of a
Federal Reserve policy meeting this week.
The U.S. central bank is likely to reinforce its dovish
approach toward further interest rate hikes this year, as the
Fed's two-day policy meeting begins on Tuesday.
The local share price index futures rose 0.32
percent to 6,211, a 20-point premium to the underlying S&P/ASX
200 index close. The benchmark earned 0.3 percent on
New Zealand's benchmark S&P/NZX 50 index was down
0.04 percent at 2105 GMT.
(Reporting by Shanima A in Bengaluru
Editing by Phil Berlowitz
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