Markets

Australia shares to extend rally to 6th session; NZ up

Published January 9, 2018 Updated January 9, 2018 10:00pm

Wall Street's major indexes gained on continued optimism among investors ahead of quarterly earnings reports.

Meanwhile, US crude climbed to three-year highs, boosted by OPEC-led production cuts and expectations that US crude inventories have dropped for an eighth week.

The local share price index futures rose 0.4 percent, or 23 points, to 6,111, a 24.8-point discount to the underlying S&P/ASX 200 index  close. The benchmark rose 0.1 to close at a 10-year high on Tuesday.

New Zealand's benchmark S&P/NZX 50 index  was slightly higher in early trade.

 

Copyright Reuters, 2018