Australia shares set to rise tracking Wall Street, NZ flat


Oct 1 (Reuters) – Australian shares are set to rise on
Thursday, tracking Wall Street which closed last session higher
as stimulus talks progressed, with gains in prominent mining
stocks on the back of soaring iron ore prices likely lifting the
benchmark.

U.S. stocks closed solidly higher on Wednesday as government
leaders continued talks for a new pandemic relief package, while
iron ore futures surged, with the Chinese benchmark jumping 5%.
[.N][IRONORE/]

The local share price index futures rose 0.2%, a
2.9-point discount to the underlying S&P/ASX 200 index
close. The benchmark fell 2.3% on Wednesday.

New Zealand’s benchmark S&P/NZX 50 index rose 0.06%
in early trade.

(Reporting by Arundhati Dutta in Bengaluru; editing by Diane
Craft)
((arundhati.dutta@thomsonreuters.com;))

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Keywords: AUSTRALIA STOCKS/MORNING

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