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Australian shares set for third day of gains as weaker oil boosts risk appetite
Australian shares were set to rally for a third straight session on Tuesday, as falling oil prices eased inflation concerns and record Wall Street gains boosted risk appetite, lifting miners and banks. The S&P/ASX 200 index rose 0.5% to 8,729.00 by 0017 GMT. The benchmark closed 0.1% higher on Monday. Oil prices tumbled nearly $2 overnight after increased crude exports from the Middle East and a pledge from Group of Seven nations to bolster supplies helped ease concerns about potential shortages, reducing fears of another energy-driven inflation shock. The pullback in prices weighed on ene...
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