Monday, November 21, 2016

Australian shares poised to rise as oil, metals rally; NZ up

Australian shares are set to open firmer on Tuesday, tracking

Wall Street, on rallies in metals and oil prices, with top miner

BHP Billiton poised to jump more than 1.5 percent.

Oil prices soared 4 percent to a three-week high on Monday,

buoyed by growing conviction that major oil producing countries

would agree to limit output next week.

Gains were also seen in metals, led by copper, on

expectations of improving appetite from top consumer China and

higher demand from the U.S. market as

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