Australian shares were set to open the new financial year higher on Wednesday, as lower oil prices due to some signs of progress towards ending the Middle East conflict helped return some appetite lost on prolonged concerns about inflation.
The local share price index futures (YAPcm1) rose 0.1%, a 5.3-point premium to the underlying S&P/ASX 200 index ASX:XJO close. The benchmark ended 0.5% lower on Tuesday.
New Zealand's benchmark S&P/NZX 50 index NZX:NZ50G fell 0.1% in early trade.