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Australia shares set to edge higher; NZ steady

Published 21/09/2018, 08:15 am
Updated 21/09/2018, 08:20 am
© Reuters.  Australia shares set to edge higher; NZ steady

Sept 21 (Reuters) - Australian shares were expected to open higher on Friday, mirroring overnight gains on Wall Street, which rose as tensions over ongoing U.S.-China trade dispute eased.

However, Aussie energy stocks were expected to take a hit as oil prices pulled back after U.S. President Donald Trump urged the Organization of Petroleum Exporting Countries to increase production at its meeting in Algeria. O/R

The local share price index futures YAPcm1 rose 0.4 percent or 22 points to 6,188, a 18.5 point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark declined 0.3 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 down 0.01 percent at 2208 GMT.

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