March 11, 2018 / 9:07 PM / 2 months ago

Australia shares set for higher open; NZ up

    March 12 (Reuters) - Australian shares are poised to climb
higher on Monday, taking cues from a jump on Wall Street as
fears of inflation and aggressive interest rate hikes ebbed
following a strong U.S. jobs report.
    Oil prices are also likely to support sentiment, having
risen nearly $2 on Friday after two days of declines.           
    The local share price index futures          rose 1 percent
or 57 points to 6,020, a 56.8-point premium to the underlying
S&P/ASX 200 index         close. The benchmark rose 0.3 percent
on Friday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.4
percent in early trade.

 (Reporting by Chris Thomas in Bengaluru)
  
 
 
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