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Australian shares likely to gain at open, NZ flat

By Reuters News

Oct 29 (Reuters) - Australian shares were set to advance on Thursday, driven by likely gains in heavyweight miners and energy stocks from firmer commodity prices, despite a hot inflation print that reaffirmed expectations of central bank tightening next week.

The local share price index futures rose 0.5%, a 52.7-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended flat on Wednesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 was flat in early trade.

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