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Australia shares set to edge higher; NZ down
November 8, 2017 / 9:46 PM / a month ago

Australia shares set to edge higher; NZ down

    Nov 9 (Reuters) - Australian shares are expected to tick up
on Thursday, taking cues from Wall Street which closed at a
record high, though lower commodity prices might weigh on the
index.
    Oil prices settled slightly lower on Wednesday after U.S.
government data showed rising domestic crude production, while
the price of aluminium slipped further as investors judged its
recent rally as being mainly driven by speculators rather than
supply/demand factors.              
    The local share price index futures          rose 0.2
percent, or 12 points to 6,010, a 6.3-point discount to the
underlying S&P/ASX 200 index         close. The benchmark closed
up 0.03 percent on Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.5
percent or 44.01 points to 7,996.41 in early trade.
    
       

 (Reporting by Sandhya Sampath in Bengaluru)
  
 
 

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