Australia shares set to open higher; NZ rises

June 22 (Reuters) – Australian shares are likely to open higher on Wednesday, tracking a rally on Wall Street overnight, while local energy stocks are expected to benefit from rising oil prices.

The local share price index futures YAPcm1 rose 0.7%, a 60.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 1.41% higher on Tuesday.

New Zealand’s benchmark S&P/NZX 50 index .NZ50 rose 0.7% to 10,775.3 points by 2224 GMT.

(Reporting by Riya Sharma in Bengaluru; Editing by Leslie Adler)

((Riya.Sharma@thomsonreuters.com;))

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