August 20, 2017 / 10:44 PM / a month ago

Australia shares set for soft open; NZ down

    By Chris Thomas
    Aug 21 (Reuters) - Australian shares are set to open lower
on Monday, mirroring a dismal end on Wall Street in the previous
session after further turmoil in the White House, while material
stocks are expected to offer some support on the back of strong
metal prices. 
    U.S. stocks ended lower on Friday following a White
House-focused week that raised more questions about the Trump
administration's ability to implement its pro-growth agenda.
            
    The local share price index futures          fell 0.1
percent or 4 points to 5703, a 44.1-point discount to the
underlying S&P/ASX 200 index         close. The benchmark fell
0.6 percent on Friday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent or 16.32 points to 7857.23 at 22.39 GMT.

 (Reporting by Chris Thomas in Bengaluru; Editing by Sandra
Maler)
  
 
 

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