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KM Financial Solutions | Australia shares set to rise; NZ gains
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Australia shares set to rise; NZ gains

16 May Australia shares set to rise; NZ gains

Posted at 22:29h in News by
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Australian shares are expected to rise on Friday on the back of
energy stocks supported by strong oil prices, while miners are
likely to be pressured by weak iron ore prices.
Oil prices climbed above $80 a barrel for the first time
since November 2014, before retreating on a stronger dollar and
climbing U.S. output to end unchanged.
The local share price index futures rose 0.23
percent, or 14 points, to 6,122, a 27.7-point premium to the
underlying S&P/ASX 200 index

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