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Australia shares set to fall, NZ stocks dip

Published 16/11/2015, 09:44 am
© Reuters.  Australia shares set to fall, NZ stocks dip
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SYDNEY, Nov 16 (Reuters) - Australian shares are set to open lower on Monday with investors likely to opt for safe-haven assets like government bonds following the attacks in Paris that left 129 people dead.

Sentiment was already shaken after Friday's steep fall on Wall Street and sliding commodity prices.

Global miner BHP Billiton (L:BLT) BHP.AX is expected to open sharply lower after a 1.3 percent slide in its U.S. ADRs BHP.N .

The local share price index futures YAPcm1 slipped 0.7 percent to 4,997, a 54.3-point discount to the close of the underlying S&P/ASX 200 index .AXJO on Friday.

The benchmark hit a 1-1/2 month trough in the last session which left it 3.1 percent lower for the week.

New Zealand's benchmark NZX 50 index .NZ50 dipped 0.6 percent in early trade.

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 .

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