Australia shares set to rise on U.S.-Mexico deal; NZ starts flat

Aug 28 (Reuters) - Australian shares are set to rise on
Tuesday, helped by a run-up in oil prices on Monday and tracking
American peers on news of the United States and Mexico agreeing
to overhaul the North American Free Trade Agreement.
A broad-based rally pushed the S&P 500 and the Nasdaq
to record-high closes on Monday, while Brent crude
rose 0.5 percent, a gain that will likely support
Australian energy stocks on Tuesday.
The Australian share price index futures were up
0.4 percent, or 28 points, to 6,264, a 4.9-point discount to the
underlying S&P/ASX 200 index close. The benchmark added
0.4 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index marked time
in early trade, rising 2.94 points to 9,209.36 at 2218 GMT.


(Reporting by Aaron Saldanha in Bengaluru; Editing by Peter
Cooney)



2018-08-28 00:19:22

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