SYDNEY, Feb 25 (Reuters) - Australian shares have a chance to bounce on Thursday after oil prices swung higher once more and Wall Street eked out modest gains, though sentiment remains fragile after recent extreme volatility.
The local share price index futures YAPcm1 rose 0.7 percent, an 11-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 2.1 percent on Wednesday to 4,875.
New Zealand's benchmark S&P/NZX 50 index .NZ50 dipped 0.26 percent 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