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Australia shares to open slightly higher; NZ flat
February 8, 2017 / 9:20 PM / 10 months ago

Australia shares to open slightly higher; NZ flat

Australian shares are expected to edge up on Thursday, tracking
gains on Wall Street, supported by strong commodity and oil
prices.
    Gold rose to a three-month peak on Wednesday, while copper
prices rose after the world's top two mines said strikes and
permit delays would force them to cut output.       
                
    Oil prices rose slightly as investors covered short
positions after a rise in U.S. crude inventories was not as
massive as many had expected.      
    The local share price index futures          was flat or 1
point lower, at 5597, a 54.4 point discount to the underlying
S&P/ASX 200 index         close. 
    The benchmark closed 0.52 percent higher in the previous
sesion.
    New Zealand's benchmark S&P/NZX 50 index         was flat,
at 7068.39 at 2108 GMT.
    
For a summary of overnight action across global markets, double
click on          
       
For a digest of the day's business stories in Australian 
newspapers, double click on            

 (Reporting by Sandhya Sampath in Bengaluru; Editing by Dominic
Evans)
  
 
 

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