10 Jan Australia shares seen edging up as oil prices firm; NZ up
Jan 12 (Reuters) – Australian shares are expected to recover
from two straight sessions of falls on Friday, latching on to
solid leads from Wall Street inspired by higher oil prices.
Wall Street surged to record highs on Thursday on the back
of rising oil prices and as investors bet on a strong U.S.
corporate earnings season. Oil settled at three-year highs on
signs that global inventories were tightening.
The local share price index futures rose 0.3
percent or 17
from two straight sessions of falls on Friday, latching on to
solid leads from Wall Street inspired by higher oil prices.
Wall Street surged to record highs on Thursday on the back
of rising oil prices and as investors bet on a strong U.S.
corporate earnings season. Oil settled at three-year highs on
signs that global inventories were tightening.
The local share price index futures rose 0.3
percent or 17
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