Views Article – Sharenet Wealth

Australasia, News

Australian shares poised for stronger open, NZ rises

Jan 17 (Reuters) – Australian shares are expected to open higher on Friday following a strong Wall Street lead and broader optimism fueled by the preliminary U.S.-China trade deal. Markets will also likely focus on quarterly production figures from Anglo Australian miner Rio Tinto – the country’s third largest firm by market value and a major iron ore player. The local share price index futures rose 0.5%, a 26.8-point discount to the underlying S&P/ASX 200 index close. The benchmark ended 0.7% higher on Thursday. New Zealand’s benchmark S&P/NZX 50 index rose 0.3% to 11,770.54 in early trade. (Reporting by Shriya Ramakrishnan in Bengaluru Editing by Chris Reese)

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