October 15, 2019 / 9:07 PM / a month ago

Australian shares set to gain on strong Wall St. lead, NZ rises

    Oct 16 (Reuters) - Australian shares were set to strengthen
on Wednesday, tracking Wall Street gains on robust U.S.
corporate results and reports that a possible Brexit deal may be
close. 
    However, weak China data could weigh on the country's
export-reliant resource stocks. 
    The local share price index futures          were 0.8%
higher, a 31-point premium to the underlying S&P/ASX 200 index
        close. The benchmark finished slightly higher on
Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.2%,
or 25.66 points, in early trade.
    

 (Reporting by Devika Syamnath in Bengaluru
Editing by Chris Reese)
  
 
 
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