Australia shares set to rise marginally higher, NZ up

ReutersApr 13, 2025 10:26 PM

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April 14 (Reuters) - Australian shares are poised for a slight uptick on Monday, buoyed by rising oil and gold prices that could help lift energy and gold miners, though escalating U.S.-China trade tensions are fueling global recession fears and limiting overall gains.

The local share price index futures YAPcm1 rose 0.2%, a 31.5-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed 0.8% lower on Friday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3% to 12,057.9 points in early trade.

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