Australia shares set to start week on even keel, NZ inches up

Aug 27 (Reuters) - Australian shares are set to start Monday and the week on a steady note, after a tumultuous prior week featured Scott Morrison, the country's treasurer since 2015, being named prime minister. A 1.5 percent rise in Brent crude prices on Friday may underpin local energy stocks on Monday while materials stocks may take heart from iron ore futures traded in Dalian, China gaining 0.3 percent on Friday, stemming a three-day fall. The Australian share price index futures was little changed, slipping 1 point to 6,220, a 27.3-point discount to the underlying S&P/ASX 200 index close. The benchmark ticked up 0.1 percent on Friday. Meanwhile, New Zealand's benchmark S&P/NZX 50 index rose about 0.2 percent in early trade. (Reporting by Aaron Saldanha in Bengaluru; Editing by Chris Reese)

2018-08-27 00:19:53

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.