Australian shares are expected to edge up on Thursday, tracking
gains on Wall Street, supported by strong commodity and oil
Gold rose to a three-month peak on Wednesday, while copper
prices rose after the world's top two mines said strikes and
permit delays would force them to cut output.
Oil prices rose slightly as investors covered short
positions after a rise in U.S. crude inventories was not as
massive as many had expected.
The local share price index futures was flat or 1
point lower, at 5597, a 54.4 point discount to the underlying
S&P/ASX 200 index close.
The benchmark closed 0.52 percent higher in the previous
New Zealand's benchmark S&P/NZX 50 index was flat,
at 7068.39 at 2108 GMT.
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(Reporting by Sandhya Sampath in Bengaluru; Editing by Dominic