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Australia shares to rise thanks to jump in oil prices, NZ up

Published 23/04/2019, 08:12 am
© Reuters.  Australia shares to rise thanks to jump in oil prices, NZ up
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April 23 (Reuters) - Australian shares are expected to rise on Tuesday after the Easter break with energy stocks likely to receive a bump from rising oil prices on a supply squeeze.

The United States said it will eliminate all waivers that allowed eight countries to buy Iranian oil without facing U.S. sanctions, in its latest step to choke off Iranian oil exports. local share price index futures YAPcm1 rose 0.4 percent, a 10.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark edged higher on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.1 percent to 9,967.65 in early trade.

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