May 5 (Reuters) - Australian shares are set to inch higher on Tuesday, taking a positive lead from U.S. stocks which closed higher overnight on gains in technology and oil and gas stocks.
Sentiment across broader Asia will likely get a boost after major stock indexes on Wall Street clocked modest gains on Monday, snapping two-straight losing sessions that were roiled by worries over the latest spike in U.S.-China trade tensions.
The local share price index futures YAPcm1 added 0.3% or 17 points, a 15.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 1.4% on Monday.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index .NZ50 rose or 37.08 points to 10,513.06 by 2223 GMT.