September 11, 2017 / 10:15 PM / 10 months ago

Australia shares set to track U.S. stocks higher, NZ steady

    Sept 12 (Reuters) - Australian shares are likely to open
higher on Tuesday, taking cues from an upbeat close on Wall
Street in the previous session as investors took heart from
Hurricane Irma weakening to a tropical storm and North Korea not
launching a missile over the weekend.
    The S&P 500 index closed higher, led by financial stocks,
with insurers advancing as hurricane Irma caused less than
expected damage.    
    Meanwhile, demand for safe-haven assets fell as investors
found relief in the fact that North Korea held off any fresh
actions over the weekend.            
    The local share price index futures          rose 0.5
percent, or 31 points, to 5,736, a 22.9-point premium to the
underlying S&P/ASX 200 index         close. The benchmark rose
0.7 percent on Monday.
    New Zealand's benchmark S&P/NZX 50 index         was flat in
early trade.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Jonathan Oatis)
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