Feb 15 Australian shares will likely gain on
Wednesday, with financial stocks to take cues from their U.S.
peers, while higher iron prices are set to lend further support.
Financial stocks powered Wall Street to a record high after
Federal Reserve Chair Janet Yellen said the central bank will
likely need to raise interest rates at an upcoming meeting.
The local share price index futures rose 0.5
percent to 5,729.0, a 26.242-point discount to the underlying
S&P/ASX 200 index close. The benchmark fell 0.1 percent
New Zealand's benchmark S&P/NZX 50 index rose 0.3
percent, or 24.46 points, to 7,175.35 in early trade.
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(Reporting by Suhail Hassan Bhat in Bengaluru; Editing by Hugh