Sept 12 Australian shares are set to open more
than 1 percent lower on Monday, extending losses into a third
consecutive session, as the index takes a cue from Wall Street.
Basic materials and energy stocks are expected to remain
pressured by a stronger dollar, after recent remarks by U.S.
Federal Reserve policymakers helped boost expectations of a rate
rise in the near term.
Boston Fed President Eric Rosengren, a historically dovish
policymaker, said the U.S. central bank faced increasing risks
if it waited too much longer to raise interest rates.
The local share price index futures fell 1.5
percent, or 79 points to 5,246 points, a 93.2-point discount to
the underlying S&P/ASX 200 index close. The benchmark
lost nearly 1 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index fell 1.2
percent, or 88.04 points, to 7,380.56 at 22:16 GMT. The
benchmark lost close to 1 percent on Friday.
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(Reporting by Rushil Dutta in Bengaluru; Editing by Peter