05 May Australia shares set to start week higher, NZ edges up
May 7 (Reuters) – Australian shares are expected to gain at
open on Monday, helped by strength seen in oil prices and U.S.
equities on Friday.
Brent crude oil ended on Friday up $1.25 at $74.87 a
barrel as global supplies remained tight and the market awaited
news from Washington on possible new U.S. sanctions against
Iran.
Meanwhile, the three major U.S. stock indexes rose more than
1 percent after weaker-than-expected U.S. wage growth helped to
calm investor fears
open on Monday, helped by strength seen in oil prices and U.S.
equities on Friday.
Brent crude oil ended on Friday up $1.25 at $74.87 a
barrel as global supplies remained tight and the market awaited
news from Washington on possible new U.S. sanctions against
Iran.
Meanwhile, the three major U.S. stock indexes rose more than
1 percent after weaker-than-expected U.S. wage growth helped to
calm investor fears
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