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Australia shares to slide; NZ down

Published 28/05/2018, 08:13 am
© Reuters.  Australia shares to slide; NZ down
AXJO
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SPSY
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May 28 (Reuters) - Australia shares are expected to fall on Monday, with material and energy stocks set to decline on weaker oil and select base metal prices.

Banks are inclined to dip, following weakness in Wall Street's index for financial stocks .SPSY in the previous session on Friday.

The share price index futures YAPcm1 fell 30 points to 6007, a 25.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.1 percent on Friday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell marginally to 8,636.81 during early trade.

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