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Australia shares seen higher, resources sector to lead
April 26, 2015 / 11:14 PM / 3 years ago

Australia shares seen higher, resources sector to lead

SYDNEY, April 27 (Reuters) - Australian stocks are set to
open higher on Monday as firmer iron ore prices and a strong
finish on Wall Street puts the market on track to test the 6,000
    Australia's local stock index futures rose 0.4
percent to 5,962.0, a 28.7-point premium to the close of the
underlying S&P/ASX 200 index on Friday. The benchmark
jumped 1.5 percent in the last session to post its best
performance in five weeks. 
    Since hitting 5,996.9 in early March, the index has
repeatedly failed to break the key psychological barrier and
six-year peak of 6,000.
    The heavyweight resources sector is expected to lead gains
after U.S. ADRs of global miner BHP Billiton ended
nearly 2 percent higher on Friday.
    Iron ore prices .IO62-CNI=SI jumped 6 percent on Friday to
$57 a tonne, the highest since mid-March.
    New Zealand markets are closed for a public holiday.        
    For a summary of overnight action across global markets,
double click on 
    For a digest of the day's business stories in Australian 
newspapers, double click on 

 (Reporting by Cecile Lefort; Editing by Richard Pullin)

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