Australia shares set to gain on strong oil prices, NZ marks time

Aug 30 (Reuters) - Australian shares are set to rise on
Thursday, helped by a pick up in oil prices and tracking U.S.
peers, ahead of data on July building approvals due to be
released later in the day.
A 1.6 percent rise in Brent crude to settle at
$77.14 on Wednesday is likely to support local energy stocks
on Thursday. Meanwhile, Wall Street extended its rally
on Wednesday, with the S&P 500 closing near a record high
hit during the session as promising trade negotiations stoked
investor sentiment.
The Australian share price index futures gained 0.3
percent, or 18 points, to 6,355, a 2.8-point premium to the
underlying S&P/ASX 200 index close. The benchmark rose
0.8 percent on Wednesday.
New Zealand's benchmark S&P/NZX 50 index marked time
in early trade. Data on building consents for July is expected
later in the day.

(Reporting by Aaron Saldanha in Bengaluru
Editing by Chris Reese)



2018-08-30 00:33:04

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