Australia shares to track Wall Street higher; NZ slips

By Kitco News / January 22, 2018 / www.kitco.com / Article Link

Jan 23 (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 rose 0.5 percent or 32 points to 5,970, a 21.9-point discount to the underlying S&P/ASX 200 index close. The benchmark fell to its weakest close since Dec. 7 on Monday.

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


(Reporting by Sandhya Sampath in Bengaluru)

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