November 30, 2017 / 9:27 PM / 4 months ago

Australia shares to edge up; NZ flat

    Dec 1 (Reuters) - Australian shares are set to open higher
on Friday, taking cues from upbeat domestic economic news and a
stronger finish on Wall Street.
    Business investment in Australia hit its highest in more
than a year last quarter while approvals to build homes climbed
to the strongest in eight months, data on Thursday showed, in
promising signs for a pick-up in broader economic
    Meanwhile, the S&P 500 hit a record closing high and the Dow
broke above the 24,000 mark for the first time as investor bet
that U.S. Republicans would pass a U.S. tax overhaul.    
    The local share price index futures          rose 0.4
percent or 21 points to 6,007, a 37.1-point premium to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.7 percent on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         was flat in
early trade.

 (Reporting by Shashwat Pradhan in Bengaluru; Editing by Hugh
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