August 20, 2018 / 10:09 PM / a month ago

Australian shares poised for lukewarm start, NZ starts lower

    Aug 21 (Reuters) - Australian shares are set for a subdued
start on Tuesday, with weaker iron ore prices potentially
pressuring the commodity-centric market, as investors await a
diplomatic meeting between the United States and China later in
the week to discuss their trade dispute.
    Wall Street's major indexes rose on Monday on optimism over
the U.S.-Sino trade talks, though they fell from session highs
after U.S. President Donald Trump criticized the Federal
Reserve's raising interest rates.             
    The local share price index futures          were 3 points
lower, at a 34-point discount to the underlying S&P/ASX 200
index         close. The benchmark ended 0.1 percent higher on
Monday.
    New Zealand's benchmark S&P/NZX 50 index         fell 0.1
percent in early trade.
    
       

 (Reporting by Devika Syamnath in Bengaluru)
  
 
 
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