November 26, 2018 / 9:06 PM / 18 days ago

Australian shares set to recover; New Zealand rises

    Nov 27 (Reuters) - Australian shares are set to stage a
recovery on Tuesday, following resurgent oil prices and U.S.
stocks, although gains are expected to be capped by a wider
aversion to equities. 
    Oil prices rose overnight after a series of steep losses,
while Wall Street was bolstered by retailers reaping the
benefits of holiday spending.
    The local share price index futures          rose 46 points
to 5,724.0, a 52.4-point premium to the underlying S&P/ASX 200
index         close. The benchmark fell about 0.8 percent on
Monday. 
    New Zealand's benchmark S&P/NZX 50 index         rose about
0.5 percent in early trade.

 (Reporting by Ambar Warrick in Bengaluru; Editing by Kevin
Liffey)
  
 
 
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