May 4, 2020 / 10:30 PM / a month ago

Australia shares set to tick higher tracking Wall Street gains; NZ rises

    May 5 (Reuters) - Australian shares are set to inch higher
on Tuesday, taking a positive lead from U.S. stocks which closed
higher overnight on gains in technology and oil and gas stocks.
    Sentiment across broader Asia will likely get a boost after
major stock indexes on Wall Street clocked modest gains on
Monday, snapping two-straight losing sessions that were roiled
by worries over the latest spike in U.S.-China trade tensions.
    The local share price index futures          added 0.3% or
17 points, a 15.2-point premium to the underlying S&P/ASX 200
index         close. The benchmark rose 1.4% on Monday.
    Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50
index         rose or 37.08 points to 10,513.06 by 2223 GMT.

 (Reporting by Rashmi Ashok in Bengaluru; Editing by Sandra
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