Aug 30 (Reuters) - Australian shares look set to open higher on Tuesday, tracking a buoyant session on Wall Street, although renewed concerns on a persistent oil glut could put energy stocks under pressure.
U.S. stock markets climbed overnight helped by gains in the financial and commodity sectors after consumer spending rose for a fourth straight month. .N
Oil prices fell more than 1 percent on Monday as hopes of a production freeze faded on the backdrop of rising output from the Middle East. local share price index futures YAPcm1 rose 0.3 percent, a 0.2 point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed at its lowest in over three weeks on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was up 0.29 percent at 22:37 GMT.
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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