Australia shares likely to open flat, NZ down

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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Reuters

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off-the-wire

Australia shares likely to open flat, NZ down

By Reuters

Reuters

Reuters

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