Australian shares poised for strong start, NZ up
March 12 (Reuters) - Australian shares were expected to
advance on Tuesday, following global counterparts that cheered
China's stimulus to shore up its slowing economy.
Energy stocks could gain on stronger oil prices on Monday,
inspired by comments from the Saudi Energy Minister that an end
to OPEC-led supply cuts was unlikely before June.
The local share price index futures jumped 0.6
percent, or 38 points to 6,224, a 43.8-point premium to the
underlying S&P/ASX 200 index close. The benchmark ended
0.4 percent lower on Monday.
New Zealand's benchmark S&P/NZX 50 index inched
higher in early trade.
(Reporting by Devika Syamnath in Bengaluru
Editing by James Dalgleish)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.