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Reuters
Reuters
Business

Australian shares set to fall as U.S. tariff deadline looms; New Zealand flat

FILE PHOTO: A board displaying stock prices is seen at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

(Reuters) - Australian shares were likely to open lower on Tuesday as investors awaited clarity on trade talks ahead of a Dec. 15 deadline for more U.S. tariffs to take effect on Chinese goods.

Equities across the globe traded with caution on Monday, while Wall Street stocks closed marginally lower.[MKTS/GLOB]

The U.S. Federal Reserve is widely expected to keep its interest rate on hold at its policy meeting later this week. [FEDWATCH]

The local share price index futures <YAPcm1> fell 0.2%, a 15-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark rose 0.3% on Monday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> opened little changed.

(Reporting by Niyati Shetty in Bengaluru; Editing by Sonya Hepinstall)

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