Markets

Australia shares seen edging up as oil prices firm; NZ up

Published January 11, 2018 Updated January 11, 2018 11:27pm

Wall Street surged to record highs on Thursday on the back of rising oil prices and as investors bet on a strong US corporate earnings season. Oil settled at three-year highs on signs that global inventories were tightening.

The local share price index futures rose 0.3 percent or 17 points to 6,030, a 37.6-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.5 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index inched 0.2 percent higher in early trade.

 

Copyright Reuters, 2018