SYDNEY, May 30 (Reuters) - Australian shares are seen extending gains on Monday, following a solid finish on Wall Street last week, though natural stocks could put a lid on advances after gold and oil prices slipped.
Local share price index futures YAPcm1 inched up 0.4 percent to 5,433.0, a 27.1-point premium to the underlying S&P/ASX 200 index .AXJO close on Friday. The benchmark climbed to a nine-month peak in the last session and was up 3 percent so far this month.
Global miner BHP Billiton (LON:BLT) BHP.AX is expected to open around 1.1 percent lower after its U.S. ADRs BHP.N fell.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was steady in early trade, having struck a record at 6996.2 on Friday, edging ever closer to the 7,000 mark.
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