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Australia shares set to edge higher; NZ flat
November 15, 2017 / 9:36 PM / a month ago

Australia shares set to edge higher; NZ flat

    Nov 16 (Reuters) - Australian shares are set open marginally
higher on Thursday helped by a recovery in base metal prices,
while a drop in oil prices could exert pressure on energy
stocks. 
    Aluminium prices         ended up 1.2 percent and London
Metal Exchange (LME) copper rose 0.2 percent on Wednesday,
having earlier hit a more than one-month low.        
    The local share price index futures          rose 0.2
percent, or 14 points, to 5956, a 21.8-point premium to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.6 percent on Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.04
percent or 3.41 points to 7996.53 in early trade.
    
       

 (Reporting by Nicole Pinto in Bengaluru)
  
 
 

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