(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 <YAPcm1> were 3 points lower, at a 34-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended 0.1 percent higher on Monday.
New Zealand's benchmark S&P/NZX 50 index <.NZ50> fell 0.1 percent in early trade.
(Reporting by Devika Syamnath in Bengaluru)
