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KM Financial Solutions | Australia shares set to rise on energy, materials stocks; NZ up
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Australia shares set to rise on energy, materials stocks; NZ up

08 May Australia shares set to rise on energy, materials stocks; NZ up

Posted at 23:06h in News by
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May 10 (Reuters) – Australian shares are likely to open
higher on Thursday, tracking strong gains on Wall Street, while
solid metal and oil prices are seen supporting commodity stocks.
Oil prices rose about 3 percent on Wednesday and hit fresh
3-1/2 year highs after a bigger-than-expected drawdown in U.S.
oil inventories extended gains from the United States’ decision
to quit a nuclear deal with Iran.
The local share price index futures rose 0.34
percent or 21 poi

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