off-the-wire

Australia shares likely to open flat, NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
Australian shares are set to open flat on Monday as U.S. economic data prompts bets that the Federal Reserve could become more aggressive with interest rate hikes, while a gain in iron ore prices could cap losses in the benchmark.


The local share price index futures was largely unchanged, a 73.8-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.9% on Friday.


New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 12,116.74 points during early trade. (Reporting by Nausheen Thusoo in Bengaluru, editing by Deepa Babington)


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