April 6, 2017 / 10:12 PM / 4 months ago

Australia shares seen rising; NZ edges lower

1 Min Read

    April 7 (Reuters) - Australian shares are likely to gain on
Friday, with higher oil prices supporting energy stocks, while
investors may be cautious awaiting the outcome of a meeting
between China's President Xi Jinping and U.S. President Donald
Trump.
    Investors are anxious for news on China-U.S. trade relations
and discussions on reining in North Korea's nuclear weapons
program, according to market participants.     
    The local share price index futures          rose 0.3
percent, or 16 points, to 5,864.0, a 7.715-point premium to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.3 percent in the previous session.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent, or 14.33 points, to 7,275.19 in early trade.

    
 (Reporting by Suhail Hassan Bhat in Bengaluru)
  
 
 

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