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Australia shares seen higher at open; NZ inches up
August 29, 2017 / 10:35 PM / 23 days ago

Australia shares seen higher at open; NZ inches up

    Aug 30 (Reuters) - Australian shares are likely to open
higher on Wednesday, taking leads from a firmer finish on Wall
Street as fears over North Korean hostilities faded, while
strong commodity prices are also expected to lend material
stocks support.
    Major U.S. stock indexes ended higher on Tuesday after
recovering from steep early losses triggered by the firing of a
ballistic missile by North Korea over northern Japan.     
    Meanwhile, China's steel rebar futures rebounded to end near
flat after a slide during morning trade, while copper rallied to
its highest in three years as inventories in London and Shanghai
fell and the dollar sank.                   
    The local share price index futures          rose 0.5
percent or 29 points to 5,661, an eight-point discount to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.7 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         edged
higher in early trade.

 (Reporting by Chris Thomas in Bengaluru, editing by G Crosse)
  
 
 

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