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Australia shares on track to edge lower, NZ inches up

Published 11/11/2016, 08:07 am
Updated 11/11/2016, 08:10 am
© Reuters.  Australia shares on track to edge lower, NZ inches up
AXJO
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Nov 11 (Reuters) - Australian shares on track to open slightly lower after gold and oil prices slip on global oversupply concerns.

Most markets shrugged off post-election losses but oil markets remained under pressure as doubts remain over OPEC's ability to implement output cap.

The local share price index futures YAPcm1 fell 0.1 percent, or 4 points, to 5,336, a 7.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 3.3 percent higher on Thursday. New Zealand's benchmark S&P/NZX 50 index .NZ50 gained marginally to 0.7 percent, or 48.720 points at 6,782.440 in early trade.

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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