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Australia shares higher, NZ set for weekly gains

Australia shares

Australian shares were broadly higher on Friday and on track for a second straight week of gains as Wall Street celebrated upbeat economic data.

Each of the major US indexes touched record highs after economic indicators suggested the economy was picking up speed, bolstering firm expectations of a US Federal Reserve rate rise in June.

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London’s FTSE 100 steadies near record highs

London’s FTSE 100

London’s FTSE 100 share index edged higher in early trade on Friday, closing in on record highs. The benchmark index was up 2.98 points at 7,520.69 – not far from its record close of 7,522.03.

Business media group Informa was the best performer on the index, up 4.3%.

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