Australian shares likely to open higher on strong commodity prices, rate cut hopes

Australian shares are poised to open
higher on Friday, buoyed by strength in iron ore futures and oil
prices, while rising expectations of a rate cut by the central
bank next week may also provide a fillip to stocks.
A Reuters poll suggests the market is almost certain of a
rate cut next week, as the Reserve Bank of Australia meets to
decide on monetary policy.
The local share price index futures rose 0.38%, a
9.4-point premium to the underly