July 23, 2017 / 10:13 PM / in a year

Australia shares to edge lower, NZ slightly down

    July 23 (Reuters) - Australian shares were expected to open
lower on Monday, tracking Wall Street and falling oil prices as
investors looked forward to a meeting of Federal Reserve
policymakers and the release of U.S. second-quarter economic
growth data later this week.            
    Oil prices fell 2.5 percent on Friday after a consultancy
forecast a rise in OPEC production for July, fueling fresh
concerns about the existing global crude glut.     
    The local share price index futures          fell 0.4
percent to 5639.0, a 83.8 point discount to the underlying
S&P/ASX 200 index         close. 
    The benchmark fell 0.7 percent to 5722.8 on Friday
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent in early trade.
    
       

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Meredith Mazzilli)
  
 
 
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