July 20, 2020 / 10:27 PM / 18 days ago

Australia shares set to gain on vaccine hopes; NZ up

    July 21 (Reuters) - Australian shares are set to rise on
Tuesday, tracking overnight gains on Wall Street after potential
COVID-19 vaccines showed promising results, while a surge in
gold prices is likely to boost the country's prominent gold
sub-index. 
    Tech stocks pushed the Nasdaq to a record closing peak on
Monday, while gold prices jumped to their highest since
September 2011.                
    The local share price index futures          rose 0.7%, a
10.4-point premium to the underlying S&P/ASX 200 index        
close. The benchmark fell 0.6% on Monday. 
    New Zealand's benchmark S&P/NZX 50 index         rose 0.2%
to 11,580.41 points in early trade. 
    
       

 (Reporting by Arundhati Dutta in Bengaluru; Editing by Leslie
Adler)
  
 
 
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