Sept 12 (Reuters) - Australian shares are set to open more than 1 percent lower on Monday, extending losses into a third consecutive session, as the index takes a cue from Wall Street.
Basic materials and energy stocks are expected to remain pressured by a stronger dollar, after recent remarks by U.S. Federal Reserve policymakers helped boost expectations of a rate rise in the near term. .DXY MKTS/GLOB
Boston Fed President Eric Rosengren, a historically dovish policymaker, said the U.S. central bank faced increasing risks if it waited too much longer to raise interest rates.
The local share price index futures YAPcm1 fell 1.5 percent, or 79 points to 5,246 points, a 93.2-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark lost nearly 1 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 1.2 percent, or 88.04 points, to 7,380.56 at 22:16 GMT. The benchmark lost close to 1 percent on Friday.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB