July 12, 2018 / 10:18 PM / in 3 months

Australian shares poised to trade higher, NZ breaches 9,000

    July 13 (Reuters) - Australian shares are set to rise on
Friday, backed by robust commodity prices as well as a
technology-led rally on Wall Street, with investors looking past
recent trade war concerns to earnings optimism in the United
States.
    Strength in global oil, iron ore and base metals prices
could help resource stocks lead the climb on the Australian
benchmark.                        
    The Australian local share price index futures          rose
0.4 percent, or 24 points, to 6,241, a 27.3-point discount to
the underlying S&P/ASX 200 index         close. The benchmark
rose 0.9 percent on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         was 0.3
percent or 29.69 points higher to 9,015.16 at 1006 GMT.

 (Reporting by Devika Syamnath in Bengaluru
Editing by James Dalgleish)
  
 
 
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