Australia shares likely to open higher, NZ ticks lower

Credit: REUTERS/DAVID GRAY

Feb 16 (Reuters) - Australian shares were set to open higher on Friday, likely lifted by commodity stocks as the market assesses corporate earnings, economic data and comments from the U.S. Federal Reserve to reposition interest rate cut expectations.

The local share price index futures rose nearly 1%, a 24.3 point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.8% higher on Thursday.

New Zealand's benchmark S&P/NZX 50 index fell marginally at about 0.1% to 11,630.39 in early trade. (Reporting by Neha Soni in Bengaluru Editing by Chris Reese) ((Neha.Soni@thomsonreuters.com)) ((For more information on DIARIES & DATA: U.S. earnings diary [RESF/US] Wall Street Week Ahead [.N/O] Global Economy Week Ahead [DATA/] ................................................................ For latest top breaking news across all markets

[NEWS1])) Keywords: AUSTRALIA STOCKS/MORNING

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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