June 12, 2018 / 10:17 PM / 5 months ago

Australian shares point to lower start ahead of Fed rate decision; NZ down

    June 13 (Reuters) - Australian shares appeared set to open
marginally lower on Wednesday as investors looked ahead to the
Federal Reserve's policy decision. 
    The Fed is widely expected to raise interest rates, with
market players looking closely for any clues as to the pace of
rate hikes this year.             
    The local share price index futures          slipped 0.1
percent, a 7.4 point discount to the underlying S&P/ASX 200
index         close. The benchmark rose 0.2 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent in early trade.

 (Reporting by Nikhil Kurian Nainan in Bengaluru)
  
 
 
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