May 16 (Reuters) - Australian shares are seen rising on Tuesday tracking a gain in Wall Street as well as higher metal and oil prices.
Iron ore, copper, and gold rose in their previous session, while oil prices climbed 2 percent. IRONORE/ GOL/ MET/L O/R
The local share price index futures YAPcm1 rose 0.3 percent, or 17 points to 5,853, a 3.4-point discount to the underlying S&P/ASX 200 index .AXJO close.
The benchmark closed 0.03 percent higher on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was up 0.1 percent, or 8.65 points to 7,438.59 at 2203 GMT.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB