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Reuters
Reuters
Business

Australia shares poised to open higher; NZ up

A visitor takes a photograph of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia March 6, 2017. REUTERS/Steven Saphore

(Reuters) - Australian shares are likely to extend gains into a second session at open on Friday, with stronger iron ore and gold prices overnight expected to lend support to the mining stocks.

The most traded iron ore futures on the Dalian Commodity Exchange <DCIOcv1> rose 1.7% to 619 yuan a tonne on Thursday, while spot gold <XAU=> rose 0.7% to $1,472.66 per ounce as of Nov 14 1905 GMT.

The local share price index futures <YAPcm1> rose 0.3%, a 24.9-point premium to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose 0.6% on Thursday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose 0.2% by 2107 GMT.

(Reporting by Shreya Mariam Job in Bengaluru)

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