April 24 Australian shares are expected to trade
sideways on Monday, with investors skittish ahead of an
announcement regarding "major" tax reforms by President Donald
Trump on Wednesday.
"We'll be having a big announcement on Wednesday having to
do with tax reform. The process has begun long ago but the
reform will begin on Wednesday," Trump said at the U.S. Treasury
The local share price index futures stood fast at 5838
points, a 16.1-point discount to the underlying S&P/ASX 200
index close. The benchmark rose 0.6 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index rose 0.06
percent in early trade.
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(Reporting by Ambar Warrick in Bengaluru)