SYDNEY, Dec 7 (Reuters) - Australian shares are poised for a rebound on Monday with sentiment improving after upbeat U.S. payrolls data sparked a solid rally on Wall Street.
Pointing to a firm start, share price index futures YAPcm1 rose 0.6 percent to 5,186.0, a 34.4-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1.5 percent on Friday and was down 0.98 percent last week.
Energy stocks, however, are unlikely to enjoy much relief after OPEC members failed to agree on a production ceiling, meaning supply could continue to depress oil prices. urn:newsml:reuters.com:*:nL8N13T3F5
New Zealand's benchmark NZX 50 index .NZ50 was a tad higher in early trade at 6,096.37.
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