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Australia shares set to track Wall Street higher

Published 06/08/2020, 08:37 am
Updated 06/08/2020, 08:42 am
© Reuters.
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Aug 6 (Reuters) - Australian shares were set to rise at the open on Thursday after Wall Street advanced overnight on strong corporate earnings and hopes that a U.S. coronavirus financial aid package was on the horizon.

Walt Disney (NYSE:DIS) Co's DIS.N surprise profit beat boosted sentiment and helped the Dow Jones Industrial Average .DJI finish 1.39% higher, while the S&P 500 .SPX and the Nasdaq Composite .IXIC also clocked gains. .N

The local share price index futures YAPcm1 rose 0.5%, a 12.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.6% on Wednesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.1% by 2214 GMT.

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