Oct 6 Australian shares are expected to regain
some ground on Thursday, mirroring Wall Street, after oil prices
advanced to June highs.
Oil prices settled up about 2 percent on Wednesday after the
fifth unexpected weekly drawdown in U.S. crude inventories added
to support amid hopes major producers will agree to cut output
The local share price index futures rose 0.5
percent to 5,458, a 5.1-point premium to the underlying S&P/ASX
200 index close. The benchmark rose 31.1 points or 0.57
percent to 5,452.9 at the close of trade.
New Zealand's benchmark S&P/NZX 50 index fell for a
third straight session, sliding 0.1 percent to 7,263.56 in early
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(Reporting by Justin George Varghese in Bengaluru; Editing by