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Australia shares seen extending gains, NZ shares steady in early trade

Reuters
A security guard looks out from a window of the Australian Securities Exchange (ASX) with a board displaying stock prices behind him in Sydney, Australia, May 26, 2016. REUTERS/Steven Saphore

SYDNEY (Reuters) - Australian shares are seen extending gains on Monday, following a solid finish on Wall Street last week, though natural stocks could put a lid on advances after gold and oil prices slipped.

Local share price index futures (YAPcm1) inched up 0.4 percent to 5,433.0, a 27.1-point premium to the underlying S&P/ASX 200 index (.AXJO) close on Friday. The benchmark climbed to a nine-month peak in the last session and was up 3 percent so far this month.

Global miner BHP Billiton (BHP.AX) is expected to open around 1.1 percent lower after its U.S. ADRs (BHP.N) fell.

New Zealand's benchmark S&P/NZX 50 index was steady in early trade, having struck a record at 6996.2 on Friday, edging ever closer to the 7,000 mark.

(Reporting by Cecile Lefort; Editing by Sandra Maler)