January 18, 2018 / 9:17 PM / a month ago

Australia shares poised to climb; NZ inches up

    Jan 19 (Reuters) - Australian shares are likely to edge up
on Friday, snapping three straight sessions of losses, with
material stocks leading the gains on a jump in base metal
prices.
    Copper climbed on Thursday on a strong performance by
China's industrial sector, while Chinese iron ore futures rose
as firmer steel prices helped the raw material rebound after a
five-day slide, with coke prices also recovering.        
          
    The local share price index futures          rose 0.3
percent, or 20 points, to 5972, a 42.6-point discount to the
underlying S&P/ASX 200 index         close. The benchmark ended
flat on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.1
percent in early trade.

 (Reporting by Christina Martin in Bengaluru; Editing by Hugh
Lawson)
  
 
 
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