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Australia shares set to track Wall Street higher; NZ gains

Published 18/11/2016, 08:25 am
© Reuters.  Australia shares set to track Wall Street higher; NZ gains
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Nov 18 (Reuters) - Australian shares are set to open higher on Friday after a positive lead from Wall Street and a rise in copper prices.

U.S. stocks were boosted by bank stocks, which firmed on bets that the U.S. Federal Reserve was on track to raise interest rates in December following comments by Chair Janet Yellen. .N

Copper rose on Thursday in volatile trade on speculative flows. MET/L

Local share price index futures YAPcm1 rose 0.4 percent, or 19 points, to 5,357, a 18.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.2 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.2 percent to 6,826.43 at 2106GMT .

For a summary of overnight action across global markets, double click on AU/CALL

For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB

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