Australia shares seen up on economy confidence

SYDNEY, Nov 6 - Australian stocks are set to gain on Friday, boosted by a rally on Wall Street sparked by optimism over an economic recovery, though resource stocks may struggle after falls in copper, oil and gold prices.

Stock index futures <YAPcm1> rose 59 points to 4,571, a 63 point premium to the 4,508 close of the underlying S&P/ASX index <.AXJO> on Thursday.

New Zealand's benchmark NZX 50 index <.NZ50> rose 33.3 points or 1.1 percent to 3,177.8 in early trade.

In economic news, the Reserve Bank of Australia will issue its statement on monetary policy at 11:30 a.m. . ----------------------MARKET SNAPSHOT @ 2130 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1066.63 1.92% 20.130 USD/JPY <JPY=> 90.74 -0% 0.000 10-YR US TSY YLD <US10YT=RR> 3.5293 -- 0.009 SPOT GOLD <XAU=> 1090.3 -0.19% -2.050 US CRUDE <CLc1> 79.67 -0.91% -0.730 DOW JONES <.DJI> 10005.96 2.08% 203.82 ASIA ADRS <.BKAS> 122.66 1.35% 1.63 ------------------------------------------------------------- * Wall St ends sharply higher on economy hopes [.N] * Oil falls below $80; demand outlook uncertain [O/R] * Disappointed investors retreat from gold [GOL/] * Copper falls, rising inventories signal weak demand [MET/L]

For a digest of the day's business stories in Australian newspapers, double click on [PRESS/AUB]