March 15 (Reuters) - Australian shares are set to open flat on Monday, as excitement surrounding further stimulus and a jobs recovery in the United States fades, and as weaker iron ore prices likely weigh on miners.
The local share price index futures YAPcm1 fell 0.04%, a 0.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.8% on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3% in early trade.