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Australia shares set to extend rally into third session

Published 25/01/2016, 08:29 am
© Reuters. Australia shares set to extend rally into third session
AXJO
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SYDNEY, Jan 25 (Reuters) - Australian shares are set to open up more than 1 percent on Monday, extending a rally into a third consecutive session, buoyed by stronger oil prices and a firmer Wall Street.

Local share price futures YAPcm1 rose 1.1 percent to 4,934.0, an 18-point premium to the underlying S&P/ASX 200 index .AXJO . The benchmark rose 1.1 percent on Friday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.2 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

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