25 Nov Australian shares set to recover; New Zealand rises
Australian shares are set to stage a
recovery on Tuesday, following resurgent oil prices and U.S.
stocks, although gains are expected to be capped by a wider
aversion to equities.
Oil prices rose overnight after a series of steep losses,
while Wall Street was bolstered by retailers reaping the
benefits of holiday spending.
The local share price index futures rose 46 points
to 5,724.0, a 52.4-point premium to the underlying S&P/ASX 200
index close.
recovery on Tuesday, following resurgent oil prices and U.S.
stocks, although gains are expected to be capped by a wider
aversion to equities.
Oil prices rose overnight after a series of steep losses,
while Wall Street was bolstered by retailers reaping the
benefits of holiday spending.
The local share price index futures rose 46 points
to 5,724.0, a 52.4-point premium to the underlying S&P/ASX 200
index close.
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