MELBOURNE, July 18 (Reuters) - Australian shares are set to open slightly lower on Monday with tension in Europe following a failed coup attempt in Turkey likely to spur profit-taking after seven straight days of gains.
Local share price index futures YAPcm1 slipped 0.2 percent on Saturday to a 51.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.3 percent on Friday to 5,452.7, its highest close for 2016.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched down 1.14 points to 7,071.74 in early trade.
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