Jan 16 (Reuters) - Australian share prices are expected to open higher on Monday, following a strong lead from Wall Street's last session, with a rise in iron ore prices countering the impact of a decline in oil.
Traders are also awaiting production reports from major miners and oil companies in the coming days.
Wall Street rose on Friday after major U.S. banks kicked off their fourth-quarter earnings season with strong results. .N
The local share price index futures contract YAPcm1 was up 0.3 percent, a 14.1-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark lost 0.6 percent last week.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was flat in early trade.
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For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB