Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australia shares to track Wall Street higher; New Zealand slips

FILE PHOTO - 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 set to recover from five straight sessions of falls on Tuesday, following Wall Street which rose after U.S. senators struck a deal to end the federal government shutdown.

U.S. stocks advanced on Monday as each of Wall Street's main indexes touched a record intraday level.

Strength in oil and base metal prices is seen supporting the Australian materials sector.

The local share price index futures <YAPcm1> rose 0.5 percent or 32 points to 5,970, a 21.9-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark fell to its weakest close since Dec. 7 on Monday.

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

(Reporting by Sandhya Sampath in Bengaluru)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.