Nov 27 (Reuters) - Australian shares are set to stage a recovery on Tuesday, following resurgent oil prices and U.S. stocks, although gains are expected to be capped by a wider aversion to equities.
Oil prices rose overnight after a series of steep losses, while Wall Street was bolstered by retailers reaping the benefits of holiday spending.
The local share price index futures YAPcm1 rose 46 points to 5,724.0, a 52.4-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell about 0.8 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose about 0.5 percent in early trade.