Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Australian shares poised to open higher; NZ edges up

Published 30/10/2017, 08:32 am
© Reuters.  Australian shares poised to open higher; NZ edges up
AXJO
-
LCO
-

By Aaron Saldanha

Oct 30 (Reuters) - Australian shares are expected to open higher on Monday, tracking gains in U.S. stocks and supported by oil prices reaching their highest in over two years.

A slew of positive results from technology majors in the United States pushed the Nasdaq to its best day in nearly a year on Friday while Brent crude futures LCOc1 rose 1.9 percent to settle at $60.44 per barrel on support among the world's top producers for extending a deal to rein in output. .N O/R

The local share price index futures YAPcm1 rose 0.6 percent or 34 points to 5,921, a 17.8-point premium to the underlying S&P/ASX 200 index .AXJO close.

The benchmark fell 0.2 percent on Friday after a court decision ruling Deputy Prime Minister Barnaby Joyce ineligible to hold his seat cost the government its majority. Zealand's benchmark S&P/NZX 50 index .NZ50 was up 0.3 percent or 2.19 points, to 8,086.17 in early trade on Monday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.