June 11 (Reuters) - Australian shares are set to fall at open on Thursday, after the U.S. Federal Reserve gave a bleak outlook for the economy, while the mining sector will likely be weighed by a drop in iron ore prices.
Policymakers reassured investors of their support for the U.S. economy but projected a 6.5% decline in gross domestic product this year. local share price index futures YAPcm1 fell 1.1%, a 85.4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark edged up 0.1% on Wednesday in its seventh straight session of gains.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.4% in early trade.