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
New Zealand's benchmark S&P/NZX 50 index fell 0.1
percent in early trade.
(Reporting by Devika Syamnath in Bengaluru)
© 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.