October 3, 2016 / 9:26 PM / a year ago

Australia shares set to open weaker; NZ slides

Oct 4 (Reuters) - Australian shares look set to lose ground
on Tuesday, mirroring Wall Street, amid concerns about the
global banking sector. 
    U.S-listed shares of Deutsche Bank slipped as hopes
faded of a swift deal with U.S. authorities over a multi-billion
dollar penalty. 
    The local share price index futures fell 0.4
percent to 5,442, a 36.5-point discount to the underlying
S&P/ASX 200 index close. The benchmark rose 0.8 percent
on Monday to 5,478.5 at the close of trade.
    New Zealand's benchmark S&P/NZX 50 index slid 0.4
percent to 7,344.28 in early trade.
For a summary of overnight action across global markets, double
click on 
For a digest of the day's business stories in Australian 
newspapers, double click on 

 (Reporting by Shashwat Pradhan in Bengaluru; Editing by Sandra

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