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Reuters Australia
Australia shares seen up on economy confidence
Friday November 6, 10:33 AM
SYDNEY, Nov 6 (Reuters) - Australian stocks are set to gain on Friday, boosted by a rally on Wall Street sparked by optimism over an economic recovery, though resource stocks may struggle after falls in copper, oil and gold prices.
Stock index futures YAPcm1 rose 59 points to 4,571, a 63 point premium to the 4,508 close of the underlying S&P/ASX index .AXJO on Thursday.
New Zealand's benchmark NZX 50 index .NZ50 rose 33.3 points or 1.1 percent to 3,177.8 in early trade.
In economic news, the Reserve Bank of Australia will issue its statement on monetary policy at 11:30 a.m. (0030 GMT).
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