Oct 17 (Reuters) - Australian shares are expected to rise, following a record-high close on Wall Street and a jump in oil prices due to supply worries after Iraqi forces seized the oil-rich city of Kirkuk from Kurdish fighters.
The local share price index futures YAPcm1 rose 0.2 percent, or 11 points, to 5,839, a 7.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.6 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose slightly at 0.02 percent in early trade.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For a summary of overnight action across global markets, click on
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PRESS/AUB
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