Australia shares tipped to follow global equities higher, NZ rises

    Sept 29 (Reuters) - Australian shares are set to rise on
Tuesday amid a rally in global equities, with miners and gold
stocks likely to lift the benchmark on the back of a jump in
underlying commodity prices. 
    Global equity markets surged on Monday in what some analysts
called a 'relief rally', recovering from last week's sharp
    The gold bullion and iron ore prices recorded significant
overnight gains.                
    The local share price index futures          rose 0.6%, a
29.7-point premium to the underlying S&P/ASX 200 index        
close. The benchmark fell 0.2% on Monday. 
    New Zealand's benchmark S&P/NZX 50 index         rose 0.6%
in early trade.

 (Reporting by Arundhati Dutta in Bengaluru; Editing by Sandra