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Australian shares set to open higher on Wall Street gain
October 15, 2015 / 9:54 PM / 2 years ago

Australian shares set to open higher on Wall Street gain

SYDNEY, Oct 16 (Reuters) - Australian shares are poised to
open higher taking a positive lead from Wall Street though gains
could be capped due to falling iron ore prices.
    BHP Billiton is expected to open lower after its
ADR fell 0.4 percent.
    Global miner Rio Tinto is set to release 3rd
quarter production report later today.
    The local share price index futures rose 0.40
points to 5,247, a 17.0-point premium to the underlying S&P/ASX
200 index close. The benchmark ended 0.6 percent higher
at 5,230.0 in the previous session.
    New Zealand's benchmark NZX 50 index gained 0.4
percent, or 25.2 points, to 5,800.8 in early trade.
    U.S. industrial production, consumer sentiment and capital
flows data will be released later today.

 (Reporting by Pauline Askin, editing by G Crosse)

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