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Reuters
Reuters
Business

Australia shares to open higher; New Zealand up

FILE PHOTO - Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

(Reuters) - Australian shares are poised to snap a run of three sessions of declines and edge higher on Monday, mirroring Wall Street which closed on an upbeat note in the last session, and also driven by a jump in commodity and oil prices.

The local share price index futures <YAPcm1> rose 0.2 percent, or 12 points, to 5,924, a 4.9-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark lost 0.7 percent on Friday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> inched up 0.1 percent in early trade.

(Reporting by Christina Martin in Bengaluru; Editing by Robin Pomeroy)

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