Australian shares seen higher as iron ore jumps

SYDNEY, June 3 (Reuters) - Australian shares are likely to

snap a two-day losing streak on Wednesday led by higher iron ore

prices, although investors will be cautious ahead of GDP data

due out later in the day.

Investors also will be looking for direction on commodity

prices from senior executives of BHP, Whitehaven Coal

and other miners attending a Minerals Council of

Australia seminar in Canberra.

Share (LSE: SHRE.L - news) price futures rose 6 points or 0.1 percent to

5,629. The benchmark fell 99.4 points or 1.7 percent to

5,636.0 on Tuesday.

New Zealand's benchmark NZX 50 index fell 3 points

to 4,863.44 in early trade.

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(Reporting by Pauline Askin; Editing by Stephen Coates)