News: Australia shares set to gain for a fifth day, NZ near record

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    SYDNEY, July 13 (Reuters) - Australian shares will likely climb for a fifth straight day on Wednesday, joining a global equities rally, helped by easing political uncertainty in Britain and at home. Resources shares should be underpinned by a surge in oil prices.

    Local share price index futures YAPcm1 added 0.6 percent to 5,343 points, a 10.2-point discount to the underlying S&P/ASX 200 index (xjo). The benchmark rose 0.3 percent, or 16.09 points, to 5,353.2 on Tuesday.

    New Zealand's benchmark S&P/NZX 50 index (nz50) was steady at 7,079.64 after hitting a record high of 7,088.92 in the previous session.

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