Australia shares set to gain on rate cut hopes, upbeat China data; NZ up

Australian shares are set to open higher
on Tuesday, with rising hopes of a rate cut likely to support
equities after the country cut its outlook for growth in the
economy and wages, while robust data from China also added to
investor confidence.
On Monday, shares logged their biggest daily gain in seven
months, after the government cut the outlook for growth, citing
weak household spending and stagnant wage growth.
Shares logged their biggest daily gain i