SYDNEY, May 17 (Reuters) - Australian shares are likely to have a positive start on Tuesday, following a rally on Wall Street, with resources set to lead gains after a bounce in commodities.
Pointing to a firm open, local share price index futures YAPcm1 rose 0.9 percent to 5,393, offering a 34.1-point premium to the close of the underlying benchmark S&P/ASX 200 index .AXJO on Monday.
The benchmark gained 0.5 percent in the last session, pulling closer to a 9-month peak touched last week.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.5 percent in early trade, nearing a record peak set last week.
For a summary of overnight action across global markets, double click on AU/CALL
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