Australia shares set to open lower; New Zealand up

Australian shares are expected to open
lower on Monday, following Wall Street’s decline on Friday after
a newspaper report trimmed hopes of an aggressive interest rate
cut by the Federal Reserve at the end of the month.
According to the Wall Street Journal report, the Fed is not
prepared to make a bigger 50-basis-point cut but may make
further rate cuts in the future given concerns about a decline
in global economic growth and uncertainty about trade.
The loc