June 14 Australian shares are expected to edge
up on Wednesday, tracking overnight gains on Wall Street as
technology stocks bounced back and investors positioned for an
expected Federal Reserve interest rate hike.
The U.S. central bank is widely expected to raise its
benchmark interest rate on Wednesday and may also provide
details on its plans to shrink $4.5 trillion of assets it
amassed to nurse the economic recovery.
The local share price index futures rose 0.121
percent or 7 points to 5789, a 16.2-point premium to the
underlying S&P/ASX 200 index close. The benchmark
finished up 1.7 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index inched up
0.1 percent in early trade.
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(Reporting by Christina Martin in Bengaluru; Editing by Chris