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Asian+shares+look+set+to+advance%2C+oil+prices+eye+US%2450
Thursday, 26 May 2016 - 10:52
Asian shares look set to advance, oil prices eye US$50
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Asian shares look set to extend their recovery from 12-week lows today, after renewed optimism on European banks' prospects and a rise in oil prices to near 50 US dollars a barrel, helped lift global shares.

Australian share futures rose 0.6 percent overnight, while U.S.-traded Nikkei futures point to a gain of 1 percent in Japanese shares.

On Wall Street, U.S. S&P 500 Index rose to 2,091, highest in almost a month and near its six-month intraday high of 2,111.

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