SYDNEY, Oct 12 (Reuters) - Australian shares were set to open higher on Monday tracking a positive lead from Wall Street with miners likely to underpin gains following a commodity rally.
The local share price index futures YAPcm1 eased 0.3 percent, a 30.7-point discount to the underlying S&PASX200 index. The benchmark shot up to a six-week peak on Friday in its strongest weekly performance in four years.
BHP Billiton (L:BLT) BHP.AX is expected to open around 0.8 percent higher after a gain in its U.S. ADRs BHP.N .
New Zealand's benchmark NZX 50 index .NZ50 edged up 0.2 percent higher 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