Australian shares set to open flat, NZ falls

April 13 (Reuters) - Australian shares were little changed at the start of trading on Thursday, even as a lower-than-expected U.S. inflation reading raised hopes the Federal Reserve is getting closer to the end of its current rate-hike cycle. The local share price index futures fell 0.04%, a 13.1-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.5% on Wednesday. New Zealand's benchmark S&P/NZX 50 index fell 0.2% in early trade.

(Reporting by Jaskiran Singh in Bengaluru Editing by Chris Reese)

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Australian shares set to open flat, NZ falls

By Reuters

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