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Australia shares to gain on energy, material stocks; NZ down
April 11, 2017 / 10:22 PM / 8 months ago

Australia shares to gain on energy, material stocks; NZ down

    April 12 (Reuters) - Australian shares are set to open
higher on Wednesday as rising commodity prices are expected to
bolster materials and energy stocks.
    Crude oil prices                rose on Tuesday following
reports that Saudi Arabia has told OPEC officials it wants to
continue output cuts for an additional six months.      
    Gold        jumped to a fresh five-month high on Tuesday as
investors sought assets seen as havens from risk amid mounting
political and security concerns.       
    The local share price index futures          rose 18 points
to 5,936.0, a 6.7-point premium to the underlying S&P/ASX 200
index         close. The benchmark rose 0.3 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.4
percent in early trade.

    
 (Reporting by Ambar Warrick in Bengaluru; Editing by James
Dalgleish)
  
 
 

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