Aug 27 (Reuters) - Australian shares are set to start Monday and the week on a steady note, after a tumultuous prior week featured Scott Morrison, the country's treasurer since 2015, being named prime minister.
A 1.5 percent rise in Brent crude prices LCoc1 on Friday may underpin local energy stocks .AXEJ on Monday while materials stocks .AXMM may take heart from iron ore futures traded in Dalian, China DCIOcv1 gaining 0.3 percent on Friday, stemming a three-day fall. Australian share price index futures YAPcm1 was little changed, slipping 1 point to 6,220, a 27.3-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ticked up 0.1 percent on Friday.
Meanwhile, New Zealand's benchmark S&P/NZX 50 index .NZ50 rose about 0.2 percent in early trade.