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Reuters
Reuters
Business

Australia shares expected to rise; New Zealand rebounds

FILE PHOTO - An investor uses his phone as he sits in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, June 21, 2017. REUTERS/David Gray

(Reuters) - Australian shares are seen edging higher at open on Thursday before the release of October trade balance data later in the session.

A Reuters poll sees it posting a surplus of A$1.38 billion in October.

Energy stocks, however, may face some pressure due to weakness in oil. [O/R]

The local share price index futures <YAPcm1> was up 0.27 percent, or 16 points at 5,967, a 21.3-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended Wednesday down 0.4 percent.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> was up 0.2 percent, or 14.67 points, to 8,145.53 at 2106 GMT after posting three straight losing sessions.

(Reporting by Susan Mathew in Bengaluru)

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