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Australian shares are expected to open higher on Friday, a day after notching the worst session in sixteen months, with energy and mining stocks set to gain on the back of firmer commodity prices.

The local share price index futures rose 1.1%, a 11.3-point discount to the underlying S&P/ASX 200 index close. The benchmark settled 2.7% lower on Thursday.

Australia shares expected to fall at the open; NZ falls

New Zealand's benchmark S&P/NZX 50 index rose 0.1% in early trading, led by gains in technology and utilities stocks.

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