Australia shares set to open higher; NZ rises

  • 12/28/2021
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Dec 29 (Reuters) - Australian shares are poised to open higher on Wednesday, as investors look to shrug off the impact caused by Omicron-driven economic disruptions, while strong oil prices are expected to propel domestic energy stocks higher. The local share price index futures rose 0.5%, an 88.3-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark index settled 0.4% higher on Friday. Financial markets in Australia and New Zealand were closed on Monday, Dec. 27, and Tuesday, Dec. 28, for the Christmas and Boxing Day holidays. New Zealand"s benchmark S&P/NZX 50 index (.NZ50) rose 0.2% in early trading.

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