MELBOURNE, May 23 (Reuters) - Australian shares are set to open a touch higher on Monday following a solid finish on Wall Street last week, though weaker gold, metals and oil prices, hurt by a stronger U.S. dollar, may weigh on resources stocks.
Local share price index futures YAPcm1 inched up 0.1 percent to 5,360.0, an 8.7-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.5 percent last Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 slipped 4.7 points to 6,905.2 in early trade.
Bluescope Steel BSL.AX shares may get a lift after it raised its forecast for second-half underlying earnings before interest and tax to A$270 million ($195 million) from an earlier forecast of around A$205 million.
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 ($1 = 1.3845 Australian dollars)